According to the Zhitong Finance App, Baiyue Group (08545) announced interim results for the six months ended September 30, 2023, with a profit of HK$103 million, a year-on-year decrease of about 14.5%; a net loss of HK$622,000, a year-on-year decrease of 82.82%; and a loss of HK0.05 cents per share.
According to the announcement, the decline in earnings was mainly due to a decrease in revenue from the sale of ODM toys to franchisees during this period.