China Gold Classic (08281) announced its six-month performance ending on June 30, 2024, with revenue of 0.11 billion yuan (RMB, the same below), a 14% YoY decrease; a net loss of 6.155 million yuan, a YoY increase of 554.8%. Basic loss per share was 0.62 points.

The decrease in revenue during this period was mainly due to the decrease in sales of oral care products. The group's net loss rate for this period was about 5.6%, an increase of about 4.9% from the same period last year's net loss rate of about 0.7%. On the other hand, the group's overall gross margin rate for this period was about 34.7%, a decrease of about 2.2% from the same period last year's gross margin rate of about 36.9%. The decrease in gross margin was mainly due to the implementation of promotional pricing strategies during the period.