Summary by Moomoo AI
Yisou Technology has issued a profit warning, expecting to incur a loss of approximately 2 million RMB for the year ending December 31, 2024, compared to a profit of approximately 25 million RMB for the same period in 2023. Nevertheless, the group's revenue is expected to increase by about 8% from 559 million RMB in 2023. The turnaround to a loss is mainly attributed to two factors: an increase in listing expenses incurred from the initial public offering and increased sales and distribution expenses for expanding into overseas markets in the second half of 2024. The company will publish detailed annual performance announcements on March 28, 2025, and the current data is based on unaudited preliminary management accounts, which may be subject to adjustments.
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