According to Zhitong Finance APP, huasheng intl (01323) announced its interim results for the six months ending September 30, 2024, with revenue of approximately 0.206 billion Hong Kong dollars, a decrease of about 34.3% year-on-year. Gross profit decreased by about 53.2% to 43.2 million Hong Kong dollars, with a net loss of approximately 24.399 million Hong Kong dollars, an increase of about 5.46 times year-on-year; earnings per share were a loss of 3.23 Hong Kong cents.

The announcement stated that the decrease in gross profit was mainly due to the decrease in sales of concrete products during the interim period, resulting in a decline in gross profit from the concrete business, and due to the group's ongoing efforts to reduce the loan portfolio, leading to a decrease in gross profit from the lending business. The year-on-year increase in losses was due to a significant reduction in revenue from the concrete business, coupled with increases in raw material costs and borrowing interest expenses.