As of September 30, 2024, alco holdings recorded a revenue of 50 million HKD for the six months, a year-on-year decrease of 42%; the loss during the period was 24 million HKD, compared to a profit of 572 million HKD in the same period last year. The gross margin increased from 5% in the same period last year to 9%, mainly due to the transformation into an OEM/ODM production model, which reduced sales costs. The board of directors does not recommend the distribution of an interim dividend. Management pointed out that although there has been slight improvement from the transformation from in-house manufacturing to outsourced production, the company still faces challenges. Developing new products and markets has become a key task, and more resources...Show More

As of September 30, 2024, alco holdings recorded a revenue of 50 million HKD for the six months, a year-on-year decrease of 42%; the loss during the period was 24 million HKD, compared to a profit of 572 million HKD in the same period last year. The gross margin increased from 5% in the same period last year to 9%, mainly due to the transformation into an OEM/ODM production model, which reduced sales costs. The board of directors does not recommend the distribution of an interim dividend. Management pointed out that although there has been slight improvement from the transformation from in-house manufacturing to outsourced production, the company still faces challenges. Developing new products and markets has become a key task, and more resources are needed to enhance the operation. The company will continue to rely on the capital markets to raise funds and focus on improving operational efficiency and optimizing processes. Looking ahead, alco holdings is committed to reducing fixed operating costs, seeking partnership opportunities with business partners, and selling assets to improve cash flow and reduce debt ratios. The company will explore viable business opportunities and raise funds through the issuance of new shares and bonds to cope with the uncertain business environment.