Summary by Futu AI
Mog Digitech Holdings Limited ("Mog Digitech") issued a profit warning on August 21, 2024, announcing that its unaudited comprehensive net profit for the six months ended June 30, 2024, will be no less than RMB 3,000,000, a significant decrease compared to approximately RMB 59,915,000 for the same period in 2023. The decrease is mainly due to the decrease in sales volume of the digital retail payment solution trading business caused by the strategic shift in the company's business direction, as well as the increase in credit risks related to loans. The company pointed out that the unaudited comprehensive mid-term performance is still being compiled, and reminded shareholders and potential investors to exercise caution when buying or selling shares. The final performance will be announced on August 30, 2024.