<p>MANY IDEA CLOUD (06696.HK) issued a profit warning, expecting a net loss of no less than 60 million RMB for the six months ending in June, compared to a profit of 7.2 million RMB in the same period last year. The loss is mainly due to increased sales costs, which affected gross profit; an increase in administrative expenses, including research and development costs; and an increase in provisions for impairment losses on trade receivables and other financial assets</p>

06696

<p>MANY IDEA CLOUD issued a profit warning, expecting a net loss of no less than 60 million RMB for the six months ending in June, compared to a profit of 7.2 million RMB in the same period last year. The loss from profit is mainly due to increased sales costs, which affected gross profit; increased administrative expenses including research and development costs; and an increase in provisions for impairment losses on trade receivables and other financial assets</p>

"MANY IDEA CLOUD" expects to turn a loss of no less than 60 million RMB in half a year