Net Group (stock code: 2147) issued a profit warning on August 28, 2024, expecting a loss after tax of no less than approximately 16.0 million yuan for the six months ended June 30, 2024. This is a significant decrease compared to the profit of approximately 29.7 million yuan recorded in the same period last year. The company attributed the decline in financial performance to the impact of the macro economy and the decrease in consumer purchasing power. Currently, the company's management is working on implementing mid-term performance, and this warning is based on the preliminary review of management accounts and the latest information available to the board of directors. The company emphasized that these data have not been audited or reviewed by the auditors or...Show More

Net Group (stock code: 2147) issued a profit warning on August 28, 2024, expecting a loss after tax of no less than approximately 16.0 million yuan for the six months ended June 30, 2024. This is a significant decrease compared to the profit of approximately 29.7 million yuan recorded in the same period last year. The company attributed the decline in financial performance to the impact of the macro economy and the decrease in consumer purchasing power. Currently, the company's management is working on implementing mid-term performance, and this warning is based on the preliminary review of management accounts and the latest information available to the board of directors. The company emphasized that these data have not been audited or reviewed by the auditors or audit committee and may be subject to further changes. Net Group will announce the mid-term performance for the six months ended June 30, 2024, by the end of August 2024 in accordance with listing rules. Mr. Yang Shengyao, Chairman of the Board of Directors, reminded shareholders and potential investors to exercise caution when trading the company's shares.