Summary by Moomoo AI
Duiba Group Limited ('Duiba') has issued a profit warning, expecting that the revenue for the six months ending June 30, 2024, will not be less than approximately RMB 450 million, a decrease compared to approximately RMB 708.4 million in the same period in 2023. At the same time, the company expects that the adjusted losses and the losses attributable to the parent company's owners during this period will not exceed approximately RMB 20 million, while approximately RMB 24 million in adjusted profit and approximately RMB 22.1 million in profit attributable to the parent company's owners were recorded in the first half of 2023. The decline in profits is mainly due to the uncertainty in industry growth leading to a tightening of advertising client budgets, as well as...Show More
