Zhitong Financial APP News, Greater Bay area Fusion Power (01189) released its results for the six months ended June 30, 2021, with total income of HK $33.918 million, down 4% from the same period last year; loss attributable to shareholders was HK $27.792 million, an increase of 1925.7% over the same period last year; and a basic loss of HK $0.04 per share.
In the first half of 2021, the hotel business includes two four-star hotels with the "Polly" brand in Guangzhou and Shenyang. In view of the challenges of the operating environment during the period, overall revenue from the hotel business fell 4.0 per cent to HK $33.9 million in the first half of 2021. In the first half of 2021, the group's consolidated average occupancy rate increased by 1.7% to 31.8%. If the operating data of the Group's hotels are only compared with those of other comparable hotels, the performance of the Group's hotels will be in line with the market average. The gross profit margin remained at 63.8% or 9.8% higher than that of 54.0% in the same period in 2020. To cope with the competitive environment, the Group will continue to invest resources to enhance its market network and positioning, and will further streamline its business operations to efficiently control costs.