Summary by Futu AI
Innovative Intelligence Technology Group Co., Ltd. ("Innovative Intelligence") issued a profit warning, announcing that for the six-month period ending on June 30, 2024, due to the impact of the market environment, some industry customers faced cyclical pressure and operational challenges, resulting in an expected decline in revenue and gross margin of about 30% to 40%. However, the company expects a significant improvement in operating cash flow during the same period, exceeding 70%, and gross margin and adjusted profit and loss are also expected to increase. Innovative Intelligence stated that it will continue to implement pragmatic and long-term development strategies, actively respond to market challenges, and improve the sustained technological and business operational capabilities of its products. The company is currently preparing a midterm performance report and will release it before the end of August 2024. Shareholders and potential investors should act prudently.