Summary by Moomoo AI
BaiGuoYuan Services Group Co., Ltd. ("CG Services") has issued a profit warning, announcing its financial performance for the six months ending June 30, 2024. Based on preliminary estimates, the company expects to record unaudited comprehensive income of approximately RMB 2,090.0 million to RMB 2,120.0 million, net profit of approximately RMB 147.0 million to RMB 165.0 million, and net profit attributable to shareholders of the company of approximately RMB 136.0 million to RMB 155.0 million. Core net profit is expected to be approximately RMB 170.0 million to RMB 187.0 million. In addition, the company expects bank deposits and cash totaling no less than RMB 1,220.0 million and net cash inflows from operating activities of no less than RMB 100.0 million. The decline in profitability is mainly due to a significant decrease in non...Show More