Bawang Group (01338.HK) announced on June 14th that the management expects to record a net income range of approximately RMB 1 million in the first half of 2024, a decrease of approximately 70% to 80% from the net income of approximately RMB 4.5 million in the same period of 2023. The main reason is the increase in sales and distribution expenses generated by e-commerce and traditional channels in the first half of 2024, such as promotion expenses on e-commerce platforms, which will have a negative impact on the Group's net profit margin.
霸王集团(01338.HK)盈警：预期2024年上半年净利同比下降约70%至80%
Bawang Group (01338.HK) issued a profit warning: it is expected that the net profit in the first half of 2024 will decrease by about 70% to 80% year-on-year.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.