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Qiniu Limited ( (HK:2567) ) just unveiled an announcement.
Qiniu Limited, a company incorporated in the British Virgin Islands and re-domiciled in the Cayman Islands, has issued a profit warning for the fiscal year ending December 31, 2024. The company anticipates a significant increase in its loss, ranging from RMB444 million to RMB464 million, compared to the previous year’s loss of RMB324.1 million. This increase is primarily attributed to the fair value changes of convertible redeemable preferred shares, which are not expected to impact the company’s operations or cash flow adversely. The adjusted net loss is projected to be between RMB112 million and RMB132 million, slightly higher than the previous year’s adjusted net loss. Shareholders and potential investors are advised to exercise caution.
More about Qiniu Limited
YTD Price Performance: 5.62%
Average Trading Volume: 1,888,500
Technical Sentiment Consensus Rating: Strong Sell
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