Aigao Group issued a profit warning on 28 November 2024 and expects to record a loss of approximately HK$20 to 30 million for the six months ended 30 September 2024. In comparison, a profit of HK$572 million was recorded for the same period in 2023. The main reasons include a significant decrease in earnings from subsidiaries and a decrease in revenue due to a slowdown in the domestic economy and intense competition in the electronic products market.The Group recorded revenue of approximately HK$2 million in the current period from its subsidiaries, compared to HK$613 million in the same period last year. The decrease in turnover was due to the slowdown in the domestic economy and increased competition in the market. The Company said it would...Show More

Aigao Group issued a profit warning on 28 November 2024 and expects to record a loss of approximately HK$20 to 30 million for the six months ended 30 September 2024. In comparison, a profit of HK$572 million was recorded for the same period in 2023. The main reasons include a significant decrease in earnings from subsidiaries and a decrease in revenue due to a slowdown in the domestic economy and intense competition in the electronic products market.The Group recorded revenue of approximately HK$2 million in the current period from its subsidiaries, compared to HK$613 million in the same period last year. The decrease in turnover was due to the slowdown in the domestic economy and increased competition in the market. The Company said it would issue further announcements in due course to update shareholders and investors.The contents of the announcement are subject to internal review and confirmation and may be subject to internal review and confirmation based on the information currently available to the Board and the unaudited consolidated management accounts. The Company is expected to issue its annual results announcement on 29 November 2024 to remind shareholders and potential investors to exercise caution.