AInnovation Anticipates Profit Drop and Cash Flow Rise

Qingdao AInnovation Technology Group Co. Ltd Class H (HK:2121) has released an update.

AInnovation Technology Group Co., Ltd warns of an expected decrease in revenue and gross profit by 30% to 40% for the first half of 2024 compared to the prior year, while projecting a significant improvement in operating cash flows by over 70%. The changes are attributed to market challenges and the company’s strategic focus on quality revenue, cash flow improvement, and sustainable operation. Shareholders and potential investors are cautioned to exercise care when dealing in the company’s securities.

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