Beijing North Star Company (HK:0588) has released an update.
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Beijing North Star Company Limited has announced an anticipated loss for the first half of 2024, estimating a net loss of up to RMB 697.5 million, a stark contrast to the profit reported in the same period the previous year. Shareholders and potential investors are cautioned to consider this preliminary, unaudited financial data that is yet to be finalized in the company’s upcoming interim results report. Despite the losses, the company assures a robust cash balance and secure capital reserves for ongoing operations.
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