Shulou(Shulou.com)11/24 Report--

CTOnews.com March 10 news, Coolpad Group issued a profit warning on March 8, predicting a loss of about HK $610 million to HK $640 million (currently about HK $541 million to RMB 568 million) in 2022, which is further larger than the loss of HK $5.72 in 2021.

Coolpad said that the group's revenue in fiscal year 2022 decreased by about HK $459 million to about HK $206 million compared with fiscal year 2021, while the group recorded a gross profit of HK $3600 million in fiscal year 2021 and a gross loss of about HK $141 million (currently about RMB 125 million) in fiscal year 2022. In view of the overall downturn in the domestic market caused by the COVID-19 epidemic and the fierce competition in China's mobile phone market, the sales of the newly launched mobile phone products in June 2022 were lower than expected, and the Group adopted a more aggressive sales incentive policy.

According to CTOnews.com, the new machine released by Coolpad in June 2022 is Coolpad COOL 20s 5G, equipped with Tianji 700 7nm chip to support 5G dual card dual standby, symmetrical double speakers, 1080p FHD + full HD screen support 90Hz high brush, 5000 megapixel HD camera, 3D surface design 180g slim body, 4500 Ma battery 18W fast charge, built-in Coolpad self-research system COOLOS, price from 999RMB.

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