Hong Kong, 25th August: Last week, Hong Kong-listed HC Group released its interim results for the six months ended 30th June 2023. The company’s revenues grew 46% in the first half of the year, reaching US$1.2 billion. However, the company posted a net loss of US$112 million in the first half of 2023, compared with a loss of US$11 million in the same period of last year.

More than 87% of HC Group’s revenues were generated from its smart industries segment, amounting to US$1.1 billion. Revenues from this segment jumped by 48% compared to the first half of 2022. The remaining revenues were contributed by HC’s technology-driven new retail segment (US$143 million), and its platform & corporate services segment (US$8.3 million).