ST Zhejiang Furun Digital Technology (600070.SH) announced that the company is expected to incur a net loss attributable to shareholders of the listed company of 85 million to 95 million yuan in the first half of 2024. The net loss was 110 million yuan in the same period last year.
The company's wholly-owned subsidiary, Hangzhou Taiyi Zhishang Technology Co., Ltd, has completely stopped traditional internet marketing business. The accounts receivable collection period has been extended. In accordance with current accounting policies, the report has made credit impairment losses for certain accounts receivable, which has affected the business performance for the reporting period.
