Netjoy (02131.HK): Profit Warning Update, Expected Annual Net Loss Widens to RMB440 Million – RMB480 Million

NewTimeSpace News: Netjoy Holdings Limited (02131.HK) released an update profit warning announcement on 25 June 2026, disclosing the revised preliminary financial assessment of the Group for the 2024 financial year.

In light of the findings arising from the forensic investigation and supplementary information obtained afterwards, the Group anticipates to register gross profit ranging from RMB110 million to RMB130 million and a net loss of RMB440 million to RMB480 million for the year. For the corresponding period last year, the Group posted gross profit of approximately RMB251 million and a net profit of around RMB7 million. The widening loss is primarily driven by three items:Additional impairment of approximately RMB116 million on trade receivables arising from e-commerce and distribution services;Additional impairment and write-downs of around RMB96 million on trade receivables, prepayments and other receivables;Additional fair value losses and impairment of approximately RMB34 million on other financial assets.

Trading in the Company’s shares will remain suspended until all conditions under the Resumption Guidance are fully satisfied.