51 credit card (02051) announced that the group is expected to have a comprehensive surplus attributable to equity holders for the same period in 2023 ...
According to the announcement, 51 credit card (02051) is expected to suffer a comprehensive loss attributable to equity holders of approximately RMB 37 million to RMB 40 million for the six months ended June 30, 2024, compared with a comprehensive surplus attributable to equity holders for the same period in 2023 of approximately RMB 2.4 million yuan.
The announcement stated that the expected loss of the group during the reporting period was mainly due to (including) the decline in revenue from camping business due to changes in the business environment during the reporting period. Therefore, the group adjusted the operation strategy by gradually optimizing and improving the camping business and clearing out some poorly performing campsites, which resulted in a decrease in the overall revenue scale of the camping business; the credit card technology services during the reporting period decreased due to the group's reduced investment in co-branding card business; and during the reporting period, the group's additional R&D expenses for new auto business, which did not occur during the same period last year.
