Capinfo Company Limited provided earning guidance for the period ended 30 June 2024. For the period, it is expected that the Group may record a loss attributable to the equity shareholders of the Company in the range of approximately RMB 20,000,000 to RMB 27,000,000 as of 30 June 2024. As compared to the corresponding period ended 30 June 2023, the profit attributable to the equity shareholders of the Company was RMB 37,070,000.
The Group recorded a loss as of 30 June 2024, mainly due to: In order to enhance its core competitiveness, the Group increased its investment in research and development, pushed forward the research and development and application of artificial intelligence technology, built the Capinfo Hongdi Large Model, continued to optimize its own software development platform (CCAF), and stepped up its efforts to build industry products, which, to a certain extent, affected the results for the period. During the period, the Group took the initiative to seek changes in the face of increasingly fierce market competition and comprehensively developed a nationwide strategy. In order to achieve the goal of rapidly capturing markets outside of Beijing, the cost of market expansion increased, the profitability level of incremental projects was reduced.
Meanwhile, due to the increase in labor and external costs, the cost of system guarantee projects increased, and there was a certain degree of decline in the overall gross profit margin of the projects as compared to the same period last year.
