ZX (HKG:9890) expects a net profit of between 10 million yuan and 50 million yuan for the year 2024, down from 273.3 million yuan a year prior, a Tuesday filing by the online game publisher with the Hong Kong bourse said.
The lower anticipated profit was mainly due to a decrease in revenue from certain segments, new games not having fully realized their revenue contribution potential, a decrease in fair value gains on financial assets at fair value through profit or loss, and a higher asset impairment loss.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.