Feiyang International Holdings Group Limited (HK:1901) has released an update.
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Feiyang International Holdings Group Limited has reported a significant downturn in its financial performance for the first half of 2024, with a decrease in revenue by 12% and a drop in gross profit by 18.7%. The company experienced a shift from a net profit of RMB 15.9 million in the previous year to a net loss of RMB 16.3 million, mainly due to a decline in demand for its FIT Products. This marks a challenging period for the company, reflecting a stark contrast to the comparative period of 2023.
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