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An announcement from China Traditional Chinese Medicine Holdings Co ( (HK:0570) ) is now available.
China Traditional Chinese Medicine Holdings Co. Limited has issued a profit warning, announcing that its net profit for the year ending December 31, 2024, is expected to decrease by 90%-100%, while adjusted net profit would see a reduction of 50%-60% compared to the previous year. The decline is attributed to factors such as reduced pricing in centralized procurement, increased market competition, high material costs, and heightened credit and goodwill impairments. Despite these challenges, the company believes that eliminating certain non-recurring expenses can enhance the understanding of its operating results and improve future financial conditions.
More about China Traditional Chinese Medicine Holdings Co
China Traditional Chinese Medicine Holdings Co. Limited operates in the traditional Chinese medicine industry, focusing on the production and sale of concentrated Chinese medicine granules. The company is engaged in the pharmaceutical sector, emphasizing the use of traditional medicinal practices to serve its market.
YTD Price Performance: -8.62%
Average Trading Volume: 15,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.33B
For a thorough assessment of 0570 stock, go to TipRanks’ Stock Analysis page.
