Capinfo Co., Ltd. Class H (HK:1075) has released an update.
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Capinfo Company Limited has issued a profit warning, announcing an expected loss of RMB 20 to 27 million for the first half of 2024, contrasted with a profit of RMB 37.07 million in the same period of 2023. The anticipated loss is attributed to increased investment in R&D, market expansion costs, and reduced profitability amid fierce competition and rising costs. Investors are cautioned to be prudent when trading the company’s securities, as these figures are preliminary and unaudited.
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