Zhongtong Finance APP News, INTL GENIUS (00033) released its annual performance as of June 30, 2024, with earnings of 0.227 billion Hong Kong dollars, a 32.1% year-on-year decrease; the company's equity holders' loss attributable amounted to 39.991 million Hong Kong dollars, expanding by 3.3% year-on-year; basic loss per share was 7.36 Hong Kong cents.

The decline in revenue during the period was mainly attributed to the decreased demand for party supplies and commodity trade in the group's trade classification, exacerbated by the global overcapacity of manufacturing facilities. Due to economic downturn, there is an oversupply of commodities in key manufacturing industries, leading to intense price competition and squeezed profit margins.