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Yuanwang Technology: Report for the third quarter of 2024
Express News | foshan yowant technology: The revenue in the first three quarters was 3.999 billion yuan, a year-on-year increase of 16.1%.
Express News | Foshan Yowant Technology: Over 50 celebrity intellectual properties will participate in this year's november 11 shopping festival-related, with plans to live stream over 600 sessions.
Foshan Yowant Technology's fundraising project has been further postponed, still holding top talents but unable to get out of losses.
Jia Nailiang's shining cover cannot hide the company's losses. Recently, Jordan of Foshan Yowant Technology (002291.SZ) announced externally that the previously adjusted investment projects are delayed again, and two new companies with a registered capital of only 0.01 million yuan each are added as the implementers of these projects. This series of measures undoubtedly caused waves in the market, triggering doubts about its operating capacity and project execution efficiency among many investors and industry professionals. From an operational perspective, Foshan Yowant Technology is still in a loss-making state and has not yet overcome its predicament. Although the company has achieved certain results in the live streaming e-commerce field, its anchors also have not.
Foshan Yowant Technology (002291.SZ): Proposed to postpone the "YOWANT digital marketing cloud platform construction project" and the "Innovation Technology Research Institute construction project" until December 31, 2025.
Foshan Yowant Technology (002291.SZ) announced on September 11th that the company held the 33rd meeting of the fifth board of directors and the 24th meeting of the fifth board of supervisors on September 11, 2024. The resolution on the extension of the investment project for the use of some raised funds was deliberated and approved. The company agreed to extend the designated usability date of the "YOWANT Digital Marketing Cloud Platform Construction Project" and the "Innovation Technology Research Institute Construction Project" to December 31, 2025.
Foshan Yowant Technology (002291): GMV growth is impressive, but profit is under pressure due to cost amortization.
2Q24 net loss slightly higher than expected, with a higher loss than our expectations. The company announced 1H24 performance: revenue of 2.978 billion yuan, a year-on-year increase of 31.6%; net loss attributable to shareholders of 0.219 billion yuan, an expansion of losses compared to the previous year, and slightly higher than expected.
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