Central China New Life Foresees Profit Rebound

Central China New Life Ltd. (HK:9983) has released an update.

Central China New Life Ltd. has announced an anticipated net profit for the first half of 2024, projecting earnings between RMB 80 million to RMB 120 million, which marks a significant recovery from the RMB 298 million net loss recorded in the same period of the previous year. The turnaround is largely due to a substantial reduction in impairment loss on financial assets. Investors are advised to approach the company’s forthcoming interim results announcement with caution, as the current financial data is unaudited and subject to change.

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