Summary by Moomoo AI
ASIAN CITRUS announced its six-month performance ending December 31, 2024, with revenue decreasing by 40% year-on-year to 36.78 million yuan. The company’s attributable loss increased by 22.9% to 14.48 million yuan. Revenue across various business segments generally declined, with the fruit distribution segment experiencing a significant drop of 68.8% to 7.92 million yuan, and the air conditioning distribution segment's revenue decreasing by 25.1% to 26.91 million yuan.Management indicated that ongoing geopolitical risks and the slow recovery of the economy in China, combined with a slowdown in the Consumer market and increased competition, led the group to adopt a cautious Business strategy. The fruit distribution segment will focus on high-value fruits with reasonable profit margins, while the air conditioning distribution segment is affected by...Show More
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