Zhitong Finance App News, You-Q-Hui Holdings (02177) announced its interim results for the six months ending on June 30, 2024, during which the Group earned revenue of 0.613 billion yuan (RMB, the same below); the shareholders' attributable profit was 24.422 million yuan, an increase of 1355.42% compared to the same period last year; basic earnings per share were 0.15 yuan; it is proposed to distribute an interim dividend of 0.25 Hong Kong dollars per share.

The announcement stated that due to the active improvement of trading conditions with brand partners and continuous cost reduction and efficiency improvement, the Group's gross margin for the six months ended June 30, 2024 was 30.0%, an increase of 3.2 percentage points compared to the same period last year's gross margin of 26.8%.

The operating profit for the period was 16.4 million yuan, compared to 8.1 million yuan in the same period last year, mainly due to the group's optimization of market promotion expenses, improved promotion efficiency, a 40.6% decrease in promotional and advertising expenses; a 15.6% decrease in human resources costs compared to the same period last year, and continuous improvement in labor productivity; and in terms of investment and financing, the Group actively reduced borrowing levels and increased deposit income, with a net financial income of 2.8 million yuan in the first half of 2024, and also gained 9 million yuan in equity transfer income.