Summary by Moomoo AI
JS Global Life Limited (“JS Global Life”) issued a profit warning on January 31, 2024, forecasting that the profit from continuing operations for the 2023 fiscal year ended December 31 will be no less than $7000 million, a decrease of approximately 37.2% compared to approximately $1,115 million for the same period in 2022. The decrease was mainly due to increased sales and promotion expenses in the Asia Pacific market, a significant increase in one-time professional services expenses, higher human resource costs, and adverse factors such as increased competition in the Chinese market. The Company noted that the continuing operating profit figures for 2022 were repeated due to the split and physical distribution of all SharkNinja, Inc. shares. THE COMPANY EMPHASIZES THAT THIS CAUTIONARY INFORMATION IS BASED ON PRELIMINARY DATA AND PRELIMINARY ASSESSMENTS OF UNAUDITED COMPREHENSIVE MANAGEMENT ACCOUNTS AND MAY DIFFER FROM AUDITED ANNUAL RESULTS. The Company will publish audited annual results on or before March 31, 2024.