Summary by Moomoo AI
Lianyirong Technology Group (Lianyirong) has issued a profit warning, forecasting a net loss attributable to equity shareholders ranging from RMB 238.0 million to RMB 248.0 million for the six months ended June 30, 2024, an increase from the RMB 170.3 million loss in the same period of 2023. The increase in losses is mainly due to increased impairment losses on financial assets and higher operating expenses. The company stated that despite the challenging operating environment, it will gradually improve its financial performance through strategic adjustments and continuous optimization of its core business. The board of directors holds firm confidence in the company's long-term development and market opportunities, and will continue to focus on improving operations and achieving sustained and steady growth. The financial data provided in this announcement is only a preliminary assessment and has not been audited or reviewed by independent auditors or audit committees.
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