FLYCO issued a profit warning, expecting a net profit of 464 million yuan for the fiscal year 2024, a decrease of 54.45% year-on-year
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According to the Zhitong Finance APP, FLYCO announced that the company expects to achieve a net profit attributable to the owners of the parent company of RMB 464 million in 2024, a decrease of approximately 54.45% year-on-year. The company's operating conditions have been significantly pressured during the reporting period due to the dual impact of being in a transitional period of strategic adjustment for its dual-brand structure and changes in the consumer environment. The government subsidies received by the company during the reporting period have significantly decreased compared to last year
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