According to the Zhitong Finance App, Jielong Holdings (01425) announced its 2020 interim results. During the period, the company achieved revenue of about HK$270 million, a year-on-year decrease of 4.48%. Profit attributable to shareholders during the period was HK$3.07 million, an increase of 155.24% over the previous year, with a basic profit of HK2.4 cents per share.

According to the announcement, the Group's sales volume of pajamas and loungewear products fell slightly compared to the six-month period ended June 30, 2019, mainly due to the uncertainty of early public health events, which caused individual customers to request delays in delivery of some orders, causing the Group's revenue to drop by about 4.48% during the review period. However, the uncertainty of recent public health events has become clear. In addition to requesting to begin shipping such delayed orders, customers are also requesting an increase in supply to meet growing demand, so earnings are expected to increase throughout the year.

The increase in net profit was mainly due to the confirmation of a listing fee of about HK$10.95 million in the same period last year, and there were no related expenses in the current period. As the product portfolio continued to change, the profit for the current period increased by about HK$5.83 million.