Zhongtong Finance APP news, China hongbao (08316) announced that the group is expected to have a net loss of about 4.5 million Hong Kong dollars for the six months ending September 30, 2024, while the net income for the six months ending September 30, 2023 was about 1.1 million Hong Kong dollars. The board of directors believes that the shift from net income to net loss is mainly due to a significant decrease in demand for comprehensive digital supply chain solutions during the reporting period, resulting in a decrease in revenue of about 19.7 million Hong Kong dollars. This was partially offset by the following factors: a decrease in service costs of about 11 million Hong Kong dollars, due to the decrease in revenue during the reporting period; and a decrease in administrative expenses of about 3 million Hong Kong dollars, due to a decrease in administrative personnel expenses.