XINIYA(US:DXF)2025-01-15 21:15Financial Performance - Eason Technology Limited reported revenue of RMB4.7 million (US$0.7 million) from new business in the first six months of 2024[4] - The company recorded a loss of RMB499.5 million (US$69.2 million) from the disposal of VIE and subsidiaries, primarily due to the write-off of investment costs[5] - Net loss for the first six months of 2024 was RMB500.9 million (US$69.3 million), compared to a profit of RMB30.5 million (US$4.4 million) in the same period of the prior year[7] - Loss per American Depositary Share (ADS) was US$1.75 in the first half of 2024, compared to earnings per ADS of US$0.34 in the same period of the prior year[7] Operating Expenses - Operating expenses increased from RMB4.2 million (US$0.6 million) in the first half of 2023 to RMB6.0 million (US$0.8 million) in the first half of 2024, mainly due to employee incentive shares[6] - Net cash used by operating activities was RMB3.3 million in the first half of 2024, compared to RMB164,000 in the same period of the prior year[10] Cash and Assets - As of June 30, 2024, cash and restricted cash decreased to RMB309,000 (US$43,000) from RMB2.5 million (US$0.4 million) as of December 31, 2023[8] - Eason Technology Limited's total assets decreased to RMB58.8 million (US$8.1 million) as of June 30, 2024, from RMB283.5 million (US$39.0 million) at the end of 2023[21] Business Strategy - The company fully exited the microfinance business in the first half of 2024, focusing on real estate management and digital technology services[9] - The company commenced two new business streams in 2023: real estate management and digital technology services, contributing to its future strategy[13]