Nayuki Holdings Ltd. (HK:2150) has released an update.
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Nayuki Holdings Limited has issued a profit warning, anticipating a net loss of RMB 420 million to RMB 490 million for the first half of 2024, largely due to weak consumer demand and store underperformance leading to store closures and asset impairment provisions. Despite cost optimizations at the store level, the company faces continued pressure on operating margins with limited scope for short-term cost adjustments. The company’s final results for the period are yet to be released and are subject to further adjustments.
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