China Risun Group Ltd. ( (HK:1907) ) has provided an announcement.
China Risun Group Ltd. has issued a profit warning, indicating an expected net profit decrease of 88% to 93% for the year ending December 31, 2024, compared to 2023. The decline is attributed to a drop in coke prices and increased costs from subsidiary operations. Despite this, the company continues to expand its production and international business, focusing on cost control and efficiency improvements to maintain its competitive edge.
More about China Risun Group Ltd.
China Risun Group Ltd. operates in the industrial sector with a focus on coke production and refined chemicals. The company has a strong presence in international markets and continues to expand its high-purified hydrogen business, aiming to maintain its leadership position in China and globally.
YTD Price Performance: 5.29%
Average Trading Volume: 1,780
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.52B
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