Summary by Futu AI
Duiba Group Limited ("the Company") announced its unaudited interim business performance for the six months ended June 30, 2024, showing a 35.3% decrease in revenue compared to the same period last year, mainly due to a decline in internet advertising business revenue. User operation saas platform business revenue, however, recorded growth. The loss for the period was RMB 191 million, compared to a profit of RMB 221 million for the same period last year. The adjusted loss for the period was RMB 176 million. The Company did not make any significant investments, acquisitions, or sales during the reporting period, and did not buy, sell, or redeem any listed securities. The board of directors does not recommend the payment of interim dividends. Looking ahead to the second half of the year, the Company expects limited growth in the advertising industry, and will continue to expand high-quality platform traffic cooperation, and focus on reducing costs and increasing efficiency.