Shanghai Chicmax Cosmetics Co., Ltd. Class H (HK:2145) has released an update.
Shanghai Chicmax Cosmetic Co., Ltd. anticipates a significant increase in revenue and profit for the first half of 2024, with revenues expected to grow over 114% and profits potentially tripling compared to the same period in 2023. This financial growth is attributed to the robust sales of the Group’s major brand, KANS, and the improved performance of their second-tier brand. Shareholders and potential investors are advised to exercise caution and await the finalized interim results expected by the end of August 2024.
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