Summary by Moomoo AI
BLUE MOON GROUP issued a profit warning, expecting to record a consolidated loss attributable to equity holders of around 0.75 to 1 billion HKD in the fiscal year 2024, compared to a profit of 0.325 billion HKD in the fiscal year 2023. Revenue for the fiscal year 2024 is expected to be approximately 8.5 billion HKD, with a year-on-year growth of 16%, and the gross margin is maintained steadily at around 61%. As of December 31, 2024, the group's cash and cash equivalents are approximately 5.3 billion HKD.The increase in sales activities for the fiscal year 2024 has led to a rise in sales and distribution expenses, primarily used for promoting new products, expanding new e-commerce channels, and brand building. Among them, the sales revenue from new e...Show More
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