QEEKA HOME (01739) issues profit warning, expecting annual net loss attributable to shareholders to be approximately 1 billion to 1.4 billion yuan.

QEEKA HOME (01739) announced that the group anticipates a net loss attributable to equity holders of the company of approximately RMB 100 million to RMB 140 million for the year ending December 31, 2024, compared to a net loss of approximately RMB 96.9 million for the year ending December 31, 2023. The expected increase in the net loss for the year ending December 31, 2024, is mainly due to an increase in impairment of long-term investments by approximately RMB 30 million and RMB 50 million, leading to an increase in the group's net loss for the year ending December 31, 2024.