On August 26, Greelong Hui announced that the group's operating revenue in mid-2024 was 19.51 million RMB, with a net profit attributable to company owners of 5.1 million RMB, a decrease of 15.9% and 79.1%, respectively, compared to the same period in 2023. The decline in the company's operating performance is due to both slow recovery in terminal consumer demand and intensified industry competition leading to a decrease in the group's operating revenue. Additionally, the group's investment in brand promotion and product sales has increased, resulting in an overall increase in sales expenses for the group.
澜沧古茶(06911.HK)中期营业收入1.95亿元 同比下降15.9%
Lancang Ancient Tea (06911.HK) reported a mid-term revenue of 0.195 billion yuan, a year-on-year decrease of 15.9%.
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