Folangsi Co. Reports Major Profit Surge

Folangsi Co., Limited Class H (HK:2499) has released an update.

Folangsi Co., Ltd. has announced a substantial increase in net profit for the first half of 2024, projecting earnings between RMB 40.1 million and RMB 44.3 million, a significant rise from the previous year’s RMB 10.6 million. This growth is attributed to higher demand from existing customers, operational improvements, and successful market expansion efforts. Investors are cautioned to be prudent when dealing with the company’s shares.

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