CH NETCOMTECH(08071) Earnings Summary
Bullish Points:
1. The unaudited consolidated loss attributable to the company's owners for the six months ended June 30, 2023, decreased by about 17% compared to the same period in 2022.
2. The company had no bank borrowings or loans as of June 30, 2023, resulting in a capital debt ratio of zero.
3. The company's business development will continue to be driven by its smart retail business, with a focus on cloud services.
4. The company will closely monitor and may reduce or terminate its loss-making lottery business to focus resources on businesses with growth potential.
Bearish Points:
1. For the six months ended June 30, 2023, the Group's unaudited consolidated revenue from continuing operations decreased by about 13% compared to the same period in 2022.
2. The decrease in revenue was mainly due to a reduction in data usage, as the demand for cloud services declined with the end of remote work arrangements following the recovery from the COVID-19 pandemic.
3. The company has terminated its sports training business and its financial technology services business, which did not generate any revenue for the six months ended June 30, 2023.
4. The company's cash and bank balances as of June 30, 2023, were lower compared to December 31, 2022.
In summary, CH NETCOMTECH (08071) has shown some improvement in reducing its losses and maintaining a zero capital debt ratio. However, the company has experienced a decrease in revenue and terminated some of its businesses. The future growth of the company will depend on the performance of its smart retail business and its ability to focus resources on businesses with growth potential. For more information, you can read the original text of CH NETCOMTECH's financial report: https://static.tigerbbs.com/27d72c02ac46411aa259d8d79bf5109b
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