Unity Enterprise Holdings Limited (2195.HK) reported a mixed QQ2 2024: revenue rose strongly year-over-year but profitability collapsed. Revenue reached HKD 33.6 million, up 65.7% YoY, while gross profit was negative by HKD 6.84 million, yielding a gross margin of -20.37%. The company posted an operating loss of HKD 9.46 million and a net loss of HKD 9.52 million, resulting in negative earnings per share of -0.0092. Despite the top-line growth, cost of revenue overwhelmed revenue, pressuring margins and underscoring potential project mix challenges and fixed-cost absorption issues during the quarter.