DUIBA (01753) Expects Shareholder Losses in First Half of 2025

Stock News
Aug 24

DUIBA (01753) announced that the group expects to achieve (i) revenue of approximately RMB 350 million for the first half of 2025; (ii) adjusted losses for the period of no more than approximately RMB 25 million; and (iii) losses attributable to owners of the parent company of no more than approximately RMB 27 million for the first half of 2025. The above changes are mainly due to the following reasons: (i) under the trend of continued uncertainty in industry growth, advertising clients' budget planning has become more conservative, leading to another contraction in the scale of internet advertising business; and (ii) the reduction in sales scale has resulted in further decline in the company's profitability.

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