On August 21, Glory Times reported that con aero tech (00232.HK) announced that the group expects to record a post-tax profit of not less than 6 million Hong Kong dollars for the six months ending June 30, 2024 (2023: post-tax profit of about 80 million Hong Kong dollars), mainly due to the challenges faced by its US subsidiary in the process of implementing the new NetSuite enterprise resource planning system, which has increased the difficulty of control in areas such as business operation, management, and security management, requiring more effort and cost than before. At the same time, like most companies in the industry, it is dealing with a tight supply chain, leading to a year-on-year decrease in revenue and gross profit in the first half of this year.

Looking ahead, the board of directors believes that the group's orders are full at present, and with the gradual completion of the integration and adaptation of the new NetSuite enterprise resource planning system, the group's production efficiency will be further improved, helping to enhance operational efficiency and automation level simultaneously. The board is confident that the cost benefits brought by the new system will be reflected in the second half of 2024.