Core Viewpoint - Feitian Cloud (6610.HK) is expected to report a significant loss of approximately RMB 100 million to RMB 130 million for the first half of 2025, a sharp decline from a profit of approximately RMB 63.5 million in the same period of 2024 [1] Financial Performance - The anticipated loss is primarily attributed to a decrease in gross profit, mainly due to a decline in revenue from the augmented reality and virtual reality (AR/VR) marketing services, which is expected to decrease by approximately RMB 108 million compared to the first half of 2024 [1] - The impairment loss on trade receivables is expected to increase by no more than approximately RMB 90 million compared to the first half of 2024, following an internal assessment of the recoverability of these receivables [1] - Sales and distribution expenses are projected to increase by approximately RMB 59.2 million, primarily due to higher marketing expenses paid to third-party service providers, reflecting the company's intensified efforts to launch and promote its services and platforms during the first half of 2025 [1]
港股异动丨飞天云动跌约11% 料中期权益拥有人应占期内亏损1亿至1.3亿