Ka Shui International Holdings Limited ( (HK:0822) ) has issued an update.
Ka Shui International Holdings Limited has issued a profit warning, anticipating a net loss of up to HK$65 million for the year ending December 2024, compared to a HK$28.4 million loss in 2023. Despite an expected increase in turnover, the loss is attributed to infrastructure investments, increased costs, and a shift in product mix towards lower-margin new energy vehicle products. The company has been investing in emerging markets and new technologies, which has temporarily reduced profitability but is expected to lay a foundation for future growth.
More about Ka Shui International Holdings Limited
Ka Shui International Holdings Limited is a manufacturing solutions provider, focusing on innovative materials research and development. The company offers advanced lightweight component solutions, targeting rapidly developing industries in the new AI era and emerging markets.
YTD Price Performance: -6.25%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €30.64M
For detailed information about 0822 stock, go to TipRanks’ Stock Analysis page.