Lianyang Intelligent Holdings (01561) announced interim results. Shareholders' losses of HK$226 million increased by 1223.83% year-on-year

According to the Zhitong Finance App, Lianyang Intelligent Holdings (01561) announced interim results for the six months ended June 30, 2024. The group achieved continuous operating income of HK$90.202 million during the period, a year-on-year decrease of 67.65%; losses attributable to shareholders of HK$226 million, an increase of 1223.83% over the previous year; and a basic loss of HK21.21 cents per share.

According to the announcement, the decline in revenue was mainly due to a drastic reduction in the Group's big data service classification business activities.