Henan JinMa Energy Co. Ltd. Class H (HK:6885) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Henan Jinma Energy Co. Ltd. warns of an expected loss of RMB 150 to 170 million for the first half of 2024, a significant drop from the RMB 44 million income in the same period of 2023. This decline is mainly due to a 30% reduction in the profit margin of their coke segment, as the cost of coal, the raw material for coke, remained high relative to the selling price of coke. Shareholders and potential investors are cautioned to be prudent when dealing with the company’s shares.
For further insights into HK:6885 stock, check out TipRanks’ Stock Analysis page.