Summary by Moomoo AI
Weimob Inc announced its mid-year report for 2024, showing that the company is facing challenging market conditions. It is focusing on core business operations to reduce costs and improve efficiency while optimizing the business structure. In the first half of 2024, the group's total revenue was 867 million yuan, a decrease of 28.3% compared to the same period last year. The gross profit was 576 million yuan, down 29.4%. The net loss for the period was 570 million yuan, an increase of 21.3% from the same period last year. The group's operating cash flow was positive, improving from an outflow of approximately 660 million yuan in the same period last year to an inflow of 30 million yuan. As of June 30, 2024, the group's cash and bank...Show More
