According to the Zhitong Finance App, China Baoli Technology (00164) released results for the six months ended September 30, 2023. The group obtained revenue of HK$25.623 million, a year-on-year decrease of 15.05%; loss attributable to company owners of HK$9.937 million, a year-on-year decrease of HK$33.29%; loss per share of HK$0.13.

During the review period, the business environment was full of challenges, market liquidity was reduced, and companies also faced difficulties in carrying out traditional fund-raising activities. The tightening of the financial environment has reduced investors' willingness to invest. Such adverse market conditions adversely affected the company's plans to raise capital for its business unit. To this end, the company's management actively explores the possibility of alternative financing options to strengthen the financial resources of the Group.