According to the Zhitong Finance App, Wan Yu Technology (00894) announced its interim results for the six months ended June 30, 2023. The group achieved revenue of HK$762 million during the period, a decrease of 23.01% year-on-year; shareholders accounted for a loss of HK$15.368 million, and profit attributable to shareholders of HK$3.04 million for the same period last year, with a year-on-year profit of HK$3.04 million, with a year-on-year profit of HK$3.04 million; a basic loss of HK$3.23 per share.

The announcement said that although the novel coronavirus epidemic gradually subsided in the first quarter of 2023, global economic recovery was not as expected and economic growth was still sluggish. Affected by the trade conflict between China and the US, high interest rates, high inflation, and various economic sanctions, the economic environment continues to be sluggish, seriously undermining consumer confidence. As a result, the electronics industry continues to lose inventory, and demand for the Group's products has inevitably suffered a setback.