ST Lianluo Interactive issues a profit warning, expecting a net loss of RMB 260 million to 380 million in the first half of the year

Lianluo Interactive released its performance forecast for the first half of 2024, expecting a net loss of RMB 260 million to 380 million. Due to the impact of the Federal Reserve's policy and inflation, the growth of the US economy slowed in the first half of the year, with consumer spending decreasing, leading to a decline in the company's e-commerce business sales. Meanwhile, the advertising and media sector saw an increase in revenue but still incurred losses. The company is addressing its banking debt issues, with an estimated debt of about RMB 90 million