Nayuki Holdings Faces Revenue Decline and Losses

Nayuki Holdings Ltd. (HK:2150) has released an update.

Nayuki Holdings Limited reported a decrease in revenue by 1.9% and a significant shift from a net profit of RMB 70.2 million to a loss of RMB 437.7 million in the first half of 2024 compared to the same period the previous year. The company experienced a sharp decline in store-level operating profit, which dropped by 65.1%, and a decrease in net cash from operating activities by 73.3%. Despite the downturn, Nayuki continued to expand its franchise footprint, reaching a total of 297 stores.

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