Shuanghua Holdings (01241) announced that (i) the expected estimated revenue of the group for the six months ending June 30, 2024 was approximately RMB 60.6 million, while the revenue for the six months ending June 30, 2023 was approximately RMB 28.7 million; and (ii) the expected estimated net loss after tax of the group for the six months ending June 30, 2024 was approximately RMB 3.2 million, while the net income after tax for the six months ending June 30, 2023 was approximately RMB 0.2 million.

For the six months ending June 30, 2024, the expected increase in revenue is mainly due to the strong sales season of agricultural and sideline products during the Chinese Lunar New Year period, as well as the group's efforts to promote and focus on the supply business of imported and domestic high-end fruits and other agricultural and sideline food products to increase the supply of agricultural and sideline products. The main reason for the expected net loss after tax for the six months ending June 30, 2024 is the decrease in the group's gross profit due to the pressure on the overall economic environment in China.