China Qinfa Group Ltd. ( (HK:0866) ) just unveiled an update.
China Qinfa Group Ltd. has announced a positive profit alert, expecting a significant increase in profit after taxation for the year ending December 31, 2024, with an anticipated profit of up to RMB560 million compared to RMB192 million in the previous year. This increase is attributed to modifications in borrowings and changes in coal selling prices, despite impairment losses on assets. The final annual results are yet to be finalized and will be published by March 2025.
More about China Qinfa Group Ltd.
China Qinfa Group Ltd. is a company incorporated in the Cayman Islands, focusing on the coal industry. It deals with coal mining and related activities, operating primarily in the Chinese market.
YTD Price Performance: -25.63%
Average Trading Volume: 3,034,007
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$2.16B
See more data about 0866 stock on TipRanks’ Stock Analysis page.