Sanxun Holdings Reports Narrowed Losses Amidst Revenue Dip

Sanxun Holdings Group Limited (HK:6611) has released an update.

Sanxun Holdings Group Limited reported a significant drop in revenue and gross profit for the first half of 2024, with revenue decreasing by 53.8% and gross profit margin at a mere 2.8%. Despite this, the company has managed to reduce its loss to RMB54.3 million, which is a notable improvement from the loss of RMB121.9 million in the same period last year. The company also experienced a decrease in total assets and contracted sales, highlighting a challenging period for the group.

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