Digital China Holdings (HK:0861) has released an update.
Digital China Holdings Limited has issued a profit warning, expecting a significant decrease in profits for the first half of 2024, projecting earnings of RMB 9 to 12 million compared to RMB 40 million in the same period last year. The decline is attributed to increased competition and investment in new product lines by its subsidiary, Digital China Information Service Group Company Ltd., which also recorded a net loss. Investors are urged to exercise caution and await the final interim results due before the end of August 2024.
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