An update from Aowei Holding Limited ( (HK:1370) ) is now available.
Aowei Holding Limited has issued a profit warning, indicating an expected loss of up to RMB350.0 million for the year ending December 31, 2024. This anticipated loss is attributed to several factors, including an impairment loss on property, plant, and equipment, reduced production and sales volumes due to heavy rain disasters, and decreased selling prices of gravel materials. The company’s operations were notably impacted by environmental challenges and infrastructure damage, leading to a temporary suspension of production. Stakeholders are advised to exercise caution as the financial results are preliminary and subject to adjustments.
More about Aowei Holding Limited
Aowei Holding Limited is a company incorporated in the British Virgin Islands and continued in the Cayman Islands with limited liability. The company, along with its subsidiaries, operates primarily in the mining sector, focusing on the production and sale of sand and gravel materials.
YTD Price Performance: 53.45%
Average Trading Volume: 656,545
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$1.46B
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