Summary by Moomoo AI
USPACE TECH Group has issued a profit warning, expecting a net loss of no less than RMB 0.25 billion in the fiscal year 2024, which represents an increase of approximately 12.1% compared to the loss of about RMB 0.223 billion in the fiscal year 2023. This expected increase in loss is mainly influenced by two factors: firstly, a reduction in general operating expenses incurred by the group in the fiscal year 2024, and secondly, non-cash impairment losses on certain properties, plants, and equipment recognized based on accounting treatment.The company is currently implementing its annual performance for the fiscal year 2024, and the content of this profit warning is only based on a preliminary review and assessment of the latest management accounts. The relevant data has...Show More
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