Gelonghui, August 30th | Tongyuan Kangyao-B (02410.HK) announced that in the six months ending June 30, 2024 and June 30, 2023, the group did not generate any revenue. The research and development costs during this period amounted to RMB 137,758,000, an increase of 15.3% year-on-year. This increase is mainly attributed to the increase in experimental and testing expenses, especially those related to the development of core products.
The loss for the reporting period increased by 26.3% from RMB 173,849,000 for the six months ending June 30, 2023 to RMB 219,533,000 for the six months ending June 30, 2024.