Centenary United Holdings Limited ( (HK:1959) ) just unveiled an announcement.
Centenary United Holdings Limited has issued a profit warning, indicating a significant decline in financial performance for the year ending December 31, 2024. The company anticipates revenues of approximately RMB 1,242 million and a net loss of RMB 88 to 92 million, compared to revenues of RMB 1,619 million and a net loss of RMB 53 million in the previous year. The decline is attributed to macroeconomic factors in China and a price war in the automotive market, leading to decreased sales and prices, as well as strategic adjustments resulting in impairment provisions for underperforming stores.
More about Centenary United Holdings Limited
YTD Price Performance: -31.73%
Average Trading Volume: 49,241
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$179.3M
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