GOGOX issues profit warning, expects mid-term loss attributable to shareholders of approximately 100 million to approximately 120 million
GOGOX issued a profit warning, expecting a loss attributable to equity holders of approximately RMB 100 million to 120 million for the six months ending June 30, 2025, an increase of 21.4% to 45.7% compared to the RMB 82.4 million in the same period of 2024. The increase in losses is mainly due to rising costs of revenue, sales and marketing expenses, general and administrative expenses, and research and development expenses
According to the Zhitong Finance APP, GOGOX (02246) announced that the group expects to record a loss attributable to equity holders of the company of approximately RMB 100 million to approximately RMB 120 million for the six months ending June 30, 2025, compared to a loss of approximately RMB 82.4 million for the same period in 2024, an increase of approximately 21.4% to 45.7%. The increase in the loss attributable to equity holders of the company is mainly due to the rise in revenue costs, sales and marketing expenses, general and administrative expenses, and research and development expenses
