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Renrui Human Resources Issues Profit Warning Amid Revenue Growth

Story Highlights

The latest announcement is out from Renrui Human Resources Technology Holdings Limited ( (HK:6919) ).

Renrui Human Resources Technology Holdings Limited has issued a profit warning for the year ended December 31, 2024, despite expecting a significant increase in revenue driven by growth in flexible staffing and digital talent sectors. The anticipated loss is primarily due to an impairment provision related to its subsidiary, Shanghai Sirui, which has underperformed financially. However, the impairment is non-cash and not expected to impact the company’s operations or cash flows significantly.

More about Renrui Human Resources Technology Holdings Limited

Renrui Human Resources Technology Holdings Limited operates in the human resources industry, focusing on providing flexible staffing and outsourcing services. The company is known for its comprehensive flexible employee solutions and has a significant presence in the information technology and digital talent sectors.

YTD Price Performance: -1.25%

Average Trading Volume: 554,940

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$606.1M

For an in-depth examination of 6919 stock, go to TipRanks’ Stock Analysis page.

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