Shenguan Holdings Expects Significant Profit Rise

Shenguan Holdings (Group) Limited (HK:0829) has released an update.

Shenguan Holdings (Group) Limited has issued a positive profit alert, indicating that the Group expects a significant increase in profit for the period ended June 30, 2024, ranging from approximately RMB5 million to RMB10 million. This marks a substantial rise from the RMB1.21 million profit in the prior year’s comparable period, attributed to enhanced production efficiency and reduced costs through improved supply channels, technological advancements, and infrastructural upgrades. Shareholders and potential investors are advised to exercise caution, as these figures are based on unaudited accounts and are subject to change upon further review.

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