Summary by Moomoo AI
Joy Spreader Limited ("Joy Spreader") issued a profit warning, expecting a significant decline in revenue to about HKD 110.00 million in the first half of 2024, a year-on-year decrease of about 94.88%. During the same period, the company is expected to record a net loss of about HKD 345.00 million to HKD 365.00 million, an increase of about 77.08% to 87.34% from the same period last year. In addition, after disposing of inventory items in the first half of 2024, Joy Spreader will suspend the purchase of new inventory and sales of 3C electronic consumer goods, focusing instead on its self-built e-commerce platform MARTOP to upgrade and optimize its trading model. The company is currently testing new matchmaking business models and has not yet charged commissions or service fees to suppliers and dealers. Therefore, no related operating income from matchmaking transactions has been recorded. Joy Spreader stated that detailed financial performance for the first half of 2024 will be released by the end of August 2024. Shareholders and potential investors should exercise caution.
