Summary by Moomoo AI
MARCO DIGITAL TECHNOLOGY HOLDINGS LIMITED (“MARCO DIGITAL TECHNOLOGY”) ISSUED A PROFIT WARNING ON MARCH 21, 2024, EXPECTING TO RECORD A COMPREHENSIVE NET LOSS AFTER TAX OF APPROXIMATELY RMB60,000,000 IN FISCAL 2023. This expected loss was primarily due to non-cash impairment losses incurred by Positive Oasis Limited and its subsidiaries, which provide credit financing services under the banner. MARCO DIGITAL HAS APPOINTED AN INDEPENDENT VALUER TO RE-EVALUATE THE REPUTATION. The Company notes that goodwill impairment is a non-cash item and does not affect cash flow. The Company is conducting a routine annual assessment of the depreciation of other assets and changes in the fair value of financial assets for fiscal 2023 and will announce the annual results on 27 March 2024. Shareholders and potential investors should exercise caution and pay attention to subsequent announcements.