Lianyirong Technology Group released its mid-year report for 2024, showing that the main business revenue and income reached RMB 413,111 million, a 5.6% increase compared to the same period last year. The gross margin increased from 60.8% to 70.9%, with a gross profit growth of 23.3% to RMB 292,889 million. However, due to increased R&D and customer marketing expenses, as well as a more cautious provision for impairment of financial assets, the loss for the period increased to RMB 240,801 million, a 41.4% increase compared to the same period last year. As of June 30, 2024, the total amount of cash and cash equivalents was RMB 5,086.1 million, maintaining a healthy financial position. The company did not declare any dividends during the reporting period but repurchased shares in the first half of 2024 for a total consideration of HKD 274,215,405. Additionally, the company acquired additional shares in a listed company after the reporting period, which will have a significant impact on that company.

Lianyirong Technology Group released its mid-year report for 2024, showing that the main business revenue and income reached RMB 413,111 million, a 5.6% increase compared to the same period last year. The gross margin increased from 60.8% to 70.9%, with a gross profit growth of 23.3% to RMB 292,889 million. However, due to increased R&D and customer marketing expenses, as well as a more cautious provision for impairment of financial assets, the loss for the period increased to RMB 240,801 million, a 41.4% increase compared to the same period last year. As of June 30, 2024, the total amount of cash and cash equivalents was RMB 5,086.1 million, maintaining a healthy financial position. The company did not declare any dividends during the reporting period but repurchased shares in the first half of 2024 for a total consideration of HKD 274,215,405. Additionally, the company acquired additional shares in a listed company after the reporting period, which will have a significant impact on that company.