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HC Group Inc. Issues Profit Warning with Reduced Losses for FY2024

Story Highlights

An announcement from HC Group ( (HK:2280) ) is now available.

HC Group Inc. has issued a profit warning, anticipating a significant reduction in losses for the fiscal year ending December 31, 2024, compared to the previous year. The expected loss, ranging between RMB255 million and RMB290 million, is primarily due to an impairment loss related to its investment in Guangdong Zhongmo Cloud Digital Technology Co., Limited and further impairment provisions in its micro-credit associate. This announcement highlights the company’s ongoing financial challenges and the need for stakeholders to exercise caution.

More about HC Group

HC Group Inc. is a company incorporated in the Cayman Islands, operating in the investment and financial services industry. The company is involved in various sectors, including digital technology and micro-credit business, focusing on investments and financial management.

Average Trading Volume: 0

See more data about 2280 stock on TipRanks’ Stock Analysis page.

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