On October 28, Gelonghui announced that as of August 31, 2024, the total income of the group was approximately 93.7 million Hong Kong dollars for the six months ended, an increase of approximately 680.5% from the same period last year. This increase is mainly due to the success in (i) acquiring more clients in need of different corporate financing advisory services; (ii) expanding the range of products and services for its placement and underwriting business, including the debt capital markets; and (iii) adding secured personal loan services under the lending business, resulting in significant increases in the revenue generated from the group's corporate financing business, placement and underwriting business, and lending business by approximately 132.7%, approximately 3,051.9%, and approximately 52.9% respectively from the same period last year, despite decreases in the revenue generated from the group's securities trading and brokerage business, securities financing business, and asset management business by approximately 43.7%, approximately 68.2%, and approximately 6.8% from the same period last year.
During the period, the group recorded a loss and total comprehensive expense of approximately 22.9 million Hong Kong dollars, whereas in the same period last year, the total income and comprehensive income amounted to approximately 9.3 million Hong Kong dollars.