Hebei Yichen Industrial Group Corporation Limited Class H ( (HK:1596) ) has shared an update.
Hebei Yichen Industrial Group Corporation Limited has issued a profit warning, indicating an expected consolidated net loss of approximately RMB50.8 million for the year ended December 31, 2024, reversing from a net gain of RMB50.3 million in 2023. The decline is attributed to increased impairment losses, losses from changes in the fair value of financial assets, and a decrease in gross profit due to construction progress and product structure changes. Stakeholders are advised to exercise caution as the financial results are preliminary and unaudited.
More about Hebei Yichen Industrial Group Corporation Limited Class H
Hebei Yichen Industrial Group Corporation Limited is a joint stock limited liability company incorporated in the People’s Republic of China. The company operates in the industrial sector, focusing on products related to railway projects and financial assets management.
YTD Price Performance: -12.69%
Average Trading Volume: 224,375
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$2.04B
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