Gelonghui August 30th | Huisen Co., Ltd. (02127.HK) announced that for the six months ended June 30, 2024, it achieved revenue of 0.837 billion yuan, a year-on-year decrease of 43.6%; gross loss was 0.185 billion yuan, compared to gross profit of 0.196 billion yuan in the same period last year; the company's shareholders' loss was 0.405 billion yuan, compared to shareholders' profit of 0.161 billion yuan in the same period last year; the basic loss per share was 11.0 cents.

The announcement stated that the decrease in income was mainly due to the continued interest rate hikes in Europe and America during the reporting period, the high and unchanging real estate prices, the increase in housing costs, the decrease in demand for furniture products, and the decline in the selling prices of some furniture products.