According to the Zhitong Finance and Economics app, Man Yue Tech (00894) released its interim performance for the six months ended June 30, 2024, with the group achieving revenue of 0.816 billion Hong Kong dollars, a 7.1% year-on-year increase; shareholders' attributable profit of 2.756 million Hong Kong dollars, as opposed to a loss of 15.368 million Hong Kong dollars in the same period last year; and earnings per share of 0.58 Hong Kong cents.

The announcement stated that the increase in revenue further increased the gross margin by 2.9 percentage points, rising from 13.4% to 16.3%.

The improvement in gross margin is attributed to a variety of factors. First, the change in product structure allowed the group to focus on products with higher profitability. In addition, strict cost control measures and optimized resource allocation have been effectively implemented. The proportion of operating expenses to sales has decreased significantly, reflecting the effectiveness of the cost control measures. By implementing strategic budgeting, optimizing production processes, and identifying cost-saving areas, the group has effectively streamlined overall operating costs. This reduction has significantly enhanced the group's profitability, ensuring that more resources can be used for growth and innovation, laying a solid financial foundation for the future and strengthening the group's position in the market.