Bairong (HKG:6608) expects an unaudited net loss of between 320 million yuan and 360 million yuan for the six months ended June 30, compared with a net profit of 201 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.
Shares of the artificial intelligence company were down nearly 3% in Wednesday afternoon trading.
The company attributed the forecast to a substantial decrease in revenue from mature businesses.
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