China-HK Photo (01123) announced its performance for the six months ending September 30, 2024, with a 7.5% decrease in revenue...
According to the Wise Finance APP, China-HK Photo (01123) announced its performance for the six months ending September 30, 2024, with revenue decreasing by 7.5% to 0.536 billion Hong Kong dollars; the net income attributable to shareholders was 7.135 million Hong Kong dollars, a year-on-year decrease of 75.2%; basic earnings per share were 0.60 Hong Kong cents. The overall financial and operational status is robust, with cash and banks' balance reaching 0.274 billion Hong Kong dollars.
The comprehensive income for the period decreased due to various factors, especially the exceptionally strong performance in the same period last year, which exceeded expectations and resulted in a relatively high comparison base. The gross margin decreased slightly from 26.4% in the same period last year to 25.6%, mainly due to a reduced proportion of sales of high-profit products and services.