On August 18th, Grong Hui reported that Xixiangfeng Group (02473.HK) has announced that it has achieved revenue of 0.659 billion yuan and increased 9.6% year-on-year as of June 30th, 2024. Gross profit was 0.209 billion yuan, an increase of 6.1% year-on-year. During the reporting period, the company's adjusted net income was RMB 23.874 million, which increased by 7.8% compared to the same period last year. The increase was mainly due to the company's stable development of its business, deepening its network layout, and achieving sales growth in its main business operations.