According to the smart financial news app, Reach New Holdings (08471) released its performance for the six months ended June 30, 2024, with a profit of 39.709 million yuan (RMB, the same below), a year-on-year increase of 16.4%. The company's owners share a loss of 6.485 million yuan, a year-on-year increase of 419.2%. The basic loss per share is 0.7 cents.

The increase in loss is mainly due to the decrease in gross margin and the increase in administrative expenses for the six months ended June 30, 2024, compared to the same period of the previous year.