Summary by Futu AI
GCL Technology Holdings Limited ("the Company") announced the unaudited condensed interim consolidated financial statements for the six months ended June 30, 2024. The report shows that the company's revenue decreased by 57.7% compared to the same period last year, from RMB 20,945,903 thousand to RMB 8,862,876 thousand. The Company's owners' profit turned from RMB 5,518,278 thousand in the same period last year to a loss of RMB 1,479,603 thousand. The basic loss per share is 5.60 RMB, compared to an earnings per share of 20.79 RMB in the same period last year. The total assets of the company decreased from RMB 82,768,172 thousand to RMB 79,002,291 thousand, and total liabilities decreased from RMB 34,450,463 thousand to RMB 32,621,874 thousand. The Group maintained effective risk management and internal control systems, with no significant compliance issues found. During the period, the company repurchased and canceled 18,112,000 shares on the Stock Exchange. The board of directors does not recommend the payment of interim dividends.
