Zhitong Financial App News, MIG International Holdings (01247) released interim results for the six months ended June 30, 2023, the group achieved a turnover of 59.226 million yuan (the same as the unit below), an increase of 28.62% over the same period last year; the loss attributable to the company's shareholders was 1.382 million yuan, down 89.97% from the same period last year; loss per share was 0.97 points.

The Group's products are mainly marketed wholesale to distributors operating the "Red Boy" brand in a number of provinces and cities in mainland China.

As far as the apparel segment is concerned, sales in the first half of 2023 were about 1.2 million pieces, which was unchanged from about 1.2 million pieces in the first half of 2022. The average wholesale price in the first half of 2023 was lower than that in the first half of 2022, partly reflecting the change in the company's product portfolio in the first half of 2023.

Sales to distributors remain a source of income for the group. Sales to distributors were about $59.2 million in the first half of 2023 and about $46 million in the first half of 2022.