Summary by Moomoo AI
EME VACCINES CO., LTD. ISSUED A PROFIT WARNING ON MARCH 4, 2024. IT EXPECTS THE UNAUDITED NET LOSS IN 2023 TO BE BETWEEN RMB18.1 BILLION AND $19.9 BILLION, A SIGNIFICANT INCREASE FROM THE NET LOSS OF RMB2.3 BILLION IN 2022. The company expects net losses attributable to its parent owners to range from RMB12.5 billion to $13.8 billion, compared to RMB3.2 billion in 2022. The main reasons for the increase in losses include the loss of intangible assets and goodwill incurred by its subsidiary Zhuhai Livanda Biotechnology Co., Ltd., as well as a significant increase in R&D expenses. The Board of Directors reminds shareholders and potential investors to exercise caution when trading.