Summary by Futu AI
Gome Retail Holdings Limited announced its performance for the first half of 2024, with a 59.28% decrease in income compared to the same period last year and a 25.23% increase in losses. Faced with a challenging economic environment and debt issues, the company actively adjusts its strategy, promotes innovative transformation, and launches new businesses such as automobile experience centers. Management stated that they will continue to work on resolving debt issues and seek business upgrades and new growth opportunities. During the reporting period, Gome Retail continued to focus on its core retail business, promoting offline upgrades, online live streaming, and accelerating the development of franchise-like businesses. Despite challenges, the company remains committed to meeting the consumption needs of Chinese families in the new era.