Gelonghui, November 24, 丨 Youhe Group (02347.HK) announced that in the six months ending September 30, 2022, the company's revenue increased by about 30.0% to about HK$448 million. Net profit for the first half of 22/23 was approximately HK$1 million, and net loss for the first half of 21/22 was approximately HK$18.9 million.

The adjusted net profit for the first half of 22/23 was approximately HK$15.8 million (approximately HK$6.8 million for the first half of 21/22). The increase was mainly due to: (i) strong and sustainable revenue growth; (ii) continued growth in the number of registered members; (iii) increased gross profit and gross margin driven by increased operating efficiency; and (iv) the Group implemented effective cost control measures.