Summary by Moomoo AI
Cafe de Coral H Limited issued a profit warning, expecting the shareholders' share of profits for the six months ending September 30, 2024 to decrease by no more than 30% compared to the same period in 2023. This decline is mainly due to the underperformance of the dining industry in the first quarter and the high base effect after the lifting of epidemic restrictions. Despite facing economic challenges, the company is adjusting its operational strategy, launching high cost-effective menus and membership plans, and actively adjusting its product mix and expanding stores in mainland China to maintain steady operations. The company will announce detailed mid-term performance by late November 2024.
