Summary by Moomoo AI
FUCHI HONG GROUP ISSUED A NOTICE ON 3 MAY 2024 DISCLOSING UNAUDITED FINANCIAL INFORMATION FOR THE THREE MONTHS ENDED 31 MARCH 2024 AND ITS EXPECTED MID-TERM PERFORMANCE FOR 2024. The company expects to continue recording a consolidated net loss in the first half of 2024, possibly close to or below the $49.84 million in the same period in 2023. The announcement noted that the company is facing financial pressures due to weak consumer demand, low asset utilization and challenges in the global smartphone market. However, the company has taken measures to improve its financial position, including streamlining/restructuring activities and cost cutting. Shareholders and potential investors were advised to act with caution. The final interim results will be disclosed in the Company's Interim Results Announcement and Interim Report.