Newlink Technology Inc. (HK:9600) has released an update.
Newlink Technology Inc. has issued a profit warning, alerting shareholders and potential investors of an anticipated loss for the first half of 2024, estimated to be between RMB 50 million to RMB 60 million. This expected increase in loss is mainly attributed to higher research and development expenses and an uptick in expected credit losses on trade receivables. The company advises caution when dealing in its shares and will publish finalized interim results by the end of August 2024.
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