Summary by Moomoo AI
Duiba Group Limited ("the Company") announced its unaudited interim performance for the six months ended June 30, 2024, showing a 35.3% decrease in revenue compared to the same period last year, mainly due to a decline in Internet advertising business revenue. User operation SaaS platform business revenue recorded growth. The loss for the period was RMB 191 million, while it was a profit of RMB 221 million in the same period last year. Adjusted loss for the period was RMB 176 million. The company did not make any significant investments, acquisitions, or disposals during the reporting period, nor did it buy, sell, or redeem any listed securities. The Board of Directors does not recommend the payment of interim dividends. Looking ahead to the second half of the year, the company expects limited growth in the advertising industry, plans to continue expanding high-quality platform traffic partnerships, and is committed to reducing costs and increasing efficiency.