An update from China Wan Tong Yuan (Holdings) Ltd. ( (HK:6966) ) is now available.
China Wan Tong Yuan (Holdings) Limited has issued a profit warning, indicating a significant decrease in profit and total comprehensive income for the year ended December 31, 2024, estimated to be between RMB9.50 million and RMB10.50 million, a drop of approximately 40.3% to 46.0% compared to the previous year. The decline is attributed to reduced demand for burial spaces and increased expenses due to the expansion of funeral services, impacting the company’s financial performance and market positioning.
More about China Wan Tong Yuan (Holdings) Ltd.
China Wan Tong Yuan (Holdings) Limited operates in the funeral services industry, focusing on the sale of burial plots and providing extended funeral services.
YTD Price Performance: -20.18%
Average Trading Volume: 90,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$455M
For a thorough assessment of 6966 stock, go to TipRanks’ Stock Analysis page.