Gelon Exchange Holdings (08392.HK) announced on November 8 that for the six months ended September 30, 2022, the company's income was HK $37.732 million, down 57.40% from the same period last year; the company's profit for the period attributable to shareholders was HK $877000, down 86.17% from the same period last year; and basic earnings per share was HK $0.088.

During the period, the household goods export business remained the main source of income for the group, contributing about 89.3% to the group's total income. The income from the household goods export business was about HK $33.7 million, representing a substantial decrease of about 60.0% compared with the previous period. The decline in export sales of household goods was mainly due to a decrease in sales orders placed by one of its customers during the period. However, the gross profit margin of the household goods export business increased from about 18.8% in the previous period to about 32.8% in the period, mainly due to the higher gross profit margin on product orders placed by two of the major customers during that period.