Beisen Holding Limited ("Beisen Holding") announced a positive profit forecast on October 31, 2024, expecting growth in revenue and gross profit for the six months ended September 30, 2024, as well as a significant reduction in losses. Preliminary assessment indicates that group revenue is expected to be approximately RMB 432.6 million to RMB 442.6 million, an increase of 8.0% to 10.5% compared to the same period last year; gross profit is expected to be approximately RMB 270.5 million to RMB 295.8 million, with an increase of about 14.1% to 24.8%. The expected loss attributable to owners of the company is estimated to be around RMB 89.1 million to RMB 108.9 million, significantly decreasing by about 96.4% to 97.1% from the approximately RMB 3058.1 million in the same period last year. The decrease in losses is mainly due...Show More

Beisen Holding Limited ("Beisen Holding") announced a positive profit forecast on October 31, 2024, expecting growth in revenue and gross profit for the six months ended September 30, 2024, as well as a significant reduction in losses. Preliminary assessment indicates that group revenue is expected to be approximately RMB 432.6 million to RMB 442.6 million, an increase of 8.0% to 10.5% compared to the same period last year; gross profit is expected to be approximately RMB 270.5 million to RMB 295.8 million, with an increase of about 14.1% to 24.8%. The expected loss attributable to owners of the company is estimated to be around RMB 89.1 million to RMB 108.9 million, significantly decreasing by about 96.4% to 97.1% from the approximately RMB 3058.1 million in the same period last year. The decrease in losses is mainly due to the reduction in losses generated by the change in fair value of redeemable convertible preferred shares and the decrease in share-based payments. Adjusted net loss (measured under non-International Financial Reporting Standards) is expected to be around RMB 29 million to RMB 40.3 million, a decrease of about 53.1% to 66.2% compared to the same period last year. The increase in revenue is primarily attributed to the increase in revenue from subscribing to cloud-based Human Capital Management (HCM) solutions and the implementation of cost control measures. The company emphasizes that the above financial data is preliminary and unaudited, subject to adjustments. The company will release the audited interim performance announcement by the end of November 2024.