Summary by Futu AI
Mog DigiTech Holdings Limited announced its interim performance for the six months ended June 30, 2024, showing a decrease of approximately 30.0% in revenue, 65.9% in gross profit, and 88.6% in pre-tax profit compared to the same period of the previous year. This decrease was mainly due to the decline in sales volume of digital retail and payment solution trading businesses, as well as a decrease in financing service income. In addition, the company did not declare an interim dividend during the reporting period, and conducted the placement of up to 155,230,000 shares of the placement through placing agents and the sale of certain trademarks and goodwill. The company also plans to invest in insurance technology business and seeks to develop a diversified digital fintech platform. The board of directors holds an optimistic view on the growth potential of the future market segments and is committed to expanding market share.