Summary by Futu AI
According to the mid-term report of Mog Digitech in 2024, the impact of the epidemic and the shift in business strategy led to a decrease in sales volume of digital retail and payment solution trade, resulting in a significant reduction in revenue. During the reporting period, the group's revenue, gross profit, and pre-tax profit decreased by approximately 30.0%, 65.9%, and 88.6% respectively compared to the same period last year. To respond to these challenges, the group plans to broaden its sources of revenue, strengthen its insurance intermediary services, and invest in the development of proprietary technology platforms. In addition, the group also plans to adjust some brands in the optical business and review the business operations in the second half of the year. During the reporting period, the group also conducted several major trades, including the acquisition of Sky Trend Real Estates Limited, the sale of equity in several subsidiaries, and the agreement with an independent third party on the transfer of all issued shares and shareholder loans of Weyang Global Limited.