Summary by Moomoo AI
ZX Inc. issued a profit warning on August 23, 2024, expecting a net loss of approximately RMB 360.0 million to RMB 400.0 million in the first half of 2024, in sharp contrast to the net profit of approximately RMB 300.3 million in the same period of 2023. The loss is mainly due to increased sales and distribution expenses, asset impairment losses, and investment losses resulting from fluctuations in the prices of publicly traded stocks held. Mr. Wu Xubo, Chairman and Executive Director of the Board, stated that these preliminary figures are based on unaudited comprehensive management accounts and other available information, and reminded shareholders and potential investors to exercise caution when trading shares. The final performance figures may be adjusted.
