AI X TECH issued a profit warning, expecting annual net profit to be between HKD 2 million and HKD 4 million, a year-on-year decrease
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According to the announcement from AI X TECH, the group expects to record a net profit of approximately RMB 2 million to RMB 4 million for the fiscal year 2024, compared to a net profit of approximately RMB 41.4 million for the same period last year. The expected decrease in net profit for the fiscal year 2024 is mainly due to a decrease in online advertising revenue compared to the same period last year, and an overall increase in the group's expenditure on self-media channel promotions
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