Hong Kong, 23rd August: Hong Kong-listed HC Group has recently released its interim results for the six months ended 30th June 2024. The company’s revenues dropped 33% year-on-year, down to US$813 million. However, the company’s net loss decreased from US$112 million in the first half of 2023 to US$7.6 million in the first half of this year.

In terms of business segment, more than 97% of HC Group’s revenues were generated from its smart industries segment, amounting to US$795 million. Revenues from this segment decreased by 26% from the first half of 2023. The remaining revenues were contributed by HC’s technology-driven new retail segment (US$17 million), which dropped 88% year-on-year.