HEALTHYWAY INC forecasts a profit of 6 million RMB for the half-year, but revenue and gross profit have decreased

HEALTHYWAY INC (02587.HK) issued a profit warning, expecting a profit of no more than RMB 6 million for the six months ending in June, compared to a loss of RMB 57.28 million in the same period last year. The loss is mainly due to changes in the carrying value of liabilities arising from the redemption of preferred shares at the time of the company's listing, as well as expenses incurred during the preparation for the listing.

However, revenue for the first half of the year is expected to decrease by 15%-18% compared to the same period last year; gross profit is expected to decrease by 8%-12%. This is mainly due to a decrease in revenue from content services, value medical services, and digital marketing services