Brief News: Although the impairment loss has narrowed, CMGE still incurred a loss of 1.5 billion
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Game operator CMGE Technology Group Limited issued a profit warning on Sunday, forecasting a loss of no more than 1.5 billion yuan for the year ending last year, and a loss of 2.1 billion yuan for 2024. The narrowing of losses is mainly due to a significant reduction in goodwill impairment of its subsidiary Beijing Wenmai Interactive Technology, as well as a decrease in impairment of other intangible assets and research and development expenses. On Monday, CMGE's stock opened flat at HKD 0.3, with its stock price declining over the past year
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