Fullshare Holdings (00607.HK) announced on August 30th that by mid-2024, the group's revenue decreased by approximately RMB 876,344,000 or 8% to approximately RMB 10,675,171,000. The gross margin decreased from 16% in the same period of 2023 to 13% in the review period.

During the review period, the Group recorded a net loss of approximately RMB 1,526,940,000, while in the same period of 2023, the Group recorded a net profit of approximately RMB 170,012,000. The loss during the review period was primarily due to a decrease in operating profit from the new energy sector, an increase in provision for impairment losses on financial assets, impairment losses on various properties, machinery, and equipment, and a decrease in fair value of investment properties.