Changes in Hong Kong stocks | Marco Digital Technology (01942) saw a significant narrowing in the afternoon, and the year-on-year change from profit to loss in the first half of the year is expected

The Zhitong Finance App learned that Marco Digital Technology (01942) surged more than 57% in early trading. The increase narrowed significantly in the afternoon. As of press release, it had risen 25.61% to HK$0.103, with a turnover of HK$133.03 million.

According to the news, Marco Digital Technology announced at noon that it is expected that the Group will obtain an unaudited comprehensive net loss of no less than 30 million yuan in the five months ending May 31, 2026. Therefore, it is expected that in the first half of this year, it will obtain a net loss attributable to company owners, while the company owners should account for about 1.9 million yuan in net profit for the same period last year.

The company said that the expected loss was mainly due to a sharp decrease in the Group's revenue and gross profit, mainly due to a sharp decrease in revenue from the business segment related to digital payment solutions due to intense competition in the Chinese market, and a decrease in the gross profit of the optical product retail, franchise and license management division due to insufficient financial service funds to provide customers with working capital liquidity and reduced purchase rebates.