According to the Zhitong Finance App, Yude International Holdings (08048) announced results for the six months ended June 30, 2023. The group earned revenue of HK$6.465 million, a decrease of 22.28% over the previous year; company owners should have accounted for losses of HK$5.691 million, an increase of 10.74% over the previous year; loss of HK0.29 cents per share.

The Group is cautiously optimistic about its business environment in the second half of 2023. As far as the product segment is concerned, traditional gold jewelry products will continue to dominate the high-end consumer market, while younger buyers with lower budgets will prefer lighter, more economical, stylish, and lightweight gold jewelry in modern designs. As far as the IT Products and Services segment is concerned, the Group will continue to seek business opportunities with synergies with its core business.