NEWLINK TECH issues a profit warning, expecting an annual loss attributable to shareholders of approximately 90 million to 95 million yuan
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NEWLINK TECH issued a profit warning, expecting an annual loss attributable to shareholders of approximately RMB 90 million to 95 million for the year ending December 31, 2024, an increase of RMB 20.8 million to 25.8 million compared to the loss of RMB 69.2 million for the same period in 2023. The main reasons include losses from changes in the fair value of equity investments, increased research and development expenses, increased amortization of intangible assets, and rising sales, administrative, and research and development expenses, partially offset by a decrease in net impairment losses on accounts receivable and contract assets
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