"Profit Alert" UJU expects mid-term net profit to increase by over 50% year-on-year

UJU (01948.HK) issued a profit warning, expecting a year-on-year growth of over 50% in net profit for the six months ending June this year.

The board believes that the increase in net profit is mainly due to the group's continued focus on service delivery, meeting advertisers' demands for marketing effectiveness, thereby establishing lasting partnerships with advertisers and continuously expanding revenue scale; leveraging AI technology, the group's creative base in Wuhan and Chongqing has significantly enhanced advertising material production capacity; the continuously strengthened accounts receivable monitoring system and working capital management capabilities have led to a decrease in expected credit losses during the period; and cost reduction and efficiency improvement, with no recurrence of the one-time loss recorded in the previous period