Summary by Futu AI
Ynby Intl released a profit warning, and it is expected that the net profit attributable to shareholders for the first half of 2024 (January 1 to June 30) will significantly decrease to HKD 1 million to 2 million, compared with HKD 18.5 million in the same period of 2023. This decrease is mainly due to the downward pressure on China's trade business, leading to a decline in gross margin for commodity trading and business. The company pointed out that these data are based on preliminary reviews of unaudited comprehensive management accounts and have not been reviewed by independent external auditors or the audit committee of the board of directors. The company will announce more detailed mid-term performance before the end of August 2024. Shareholders and potential investors should act with caution.