Hong Kong Science and Technology has issued a profit warning. It is expected that the profit in the first half of the year will fall by 61% to 65% year-on-year, falling to between 45 million and 50 million yuan. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 57% to 59%, ranging from 80 million to 85 million yuan.
The decline in profit is mainly due to the decrease in the contribution of the e-commerce business. This year, there is no demand for grain, oil and groceries caused by the epidemic, which has not led to a significant increase in the total merchandise transaction volume of orders. However, the slower-than-expected economic recovery in Hong Kong and the increase in overseas tourism have led to a slowdown in the growth of transaction volume .
The company also maintains the competitiveness of online groceries by reducing the gross profit margin of direct merchandise sales. In addition, its new exploration projects include Everuts and third-party logistics services, which led to expected initial losses. In the first half of the year, the number of unique customers shopping on HKTVmall was approximately 1.23 million, an increase of 11% year-on-year.
2023-08-21 11:50:22
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