Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. Class H ( (HK:1497) ) has provided an announcement.
Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. announced a profit warning for the fiscal year ending December 31, 2024. Despite an anticipated revenue increase of up to 7%, the company expects a 15% to 25% decrease in net profit compared to the previous year. This decline is attributed to investments in strategic branding with notable celebrity endorsements, the establishment of a new green intelligent factory, and a shift in consumer spending patterns from offline to online channels. These efforts are aimed at long-term growth, though they have temporarily impacted profitability.
More about Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. Class H
Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. operates in the bird’s nest industry, focusing on high-end branding and the development of supply chain capacity. The company aims to enhance its market presence through strategic branding initiatives and an expansion of its production capabilities.
YTD Price Performance: -8.75%
Average Trading Volume: 69,367
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$4.4B
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