Core Viewpoint - Feitian Cloud Movement (06610) issued a profit warning, expecting a significant loss in the first half of 2025, leading to a nearly 11% drop in stock price [1] Financial Performance - The company anticipates a loss attributable to equity holders of approximately RMB 100 million to 130 million in the first half of 2025, a substantial decline from a profit of approximately RMB 63.5 million in the same period of 2024 [1] - The expected decline in performance is primarily due to a decrease in gross profit, with revenue from augmented reality and virtual reality (AR/VR) marketing services projected to drop by approximately RMB 108.2 million compared to the mid-2024 period [1] Impairment and Expenses - The company has increased impairment losses on trade receivables by up to approximately RMB 90 million compared to the mid-2024 period, following an internal assessment of the recoverability of these receivables [1] - Sales and distribution expenses are expected to rise by approximately RMB 59.2 million, mainly due to increased marketing expenditures paid to third-party service providers, reflecting the company's efforts to enhance and promote its services and platform in the first half of 2025 [1]
飞天云动盈警后跌近11% 预期上半年权益拥有人应占亏损约1亿元至1.3亿元