Summary by Futu AI
GOGOX Holdings Limited (GOGOX) announced on August 21, 2024 that it expects to report a loss attributable to equity shareholders for the six months ended June 30, 2024. Based on preliminary assessment, the company anticipates a loss ranging from approximately RMB 78 million to RMB 88 million, a significant decrease of about 86.3% to 87.9% compared to the same period in 2023, which recorded a loss of RMB 642.9 million. The reduction in the loss is mainly attributed to the decrease in goodwill impairment and the reduction in income costs, sales and marketing expenses, general and administrative expenses, and research and development expenses. The company emphasizes that these figures have not been audited or reviewed by auditors or the audit committee. The final interim results will be announced in August 2024. Shareholders and potential investors are advised to proceed with caution and pay attention to the final performance announcement.