YCIH Green High-Performance Concrete Co., Ltd. Class H ( (HK:1847) ) has issued an update.
YCIH Green High-Performance Concrete Co., Ltd. has issued a profit warning, expecting a net loss of approximately RMB 115.6 million for the year ended December 31, 2024, due to a significant decrease in sales volume and increased impairment of trade receivables. Despite the financial challenges, the company reports a strong performance in securing new sales contracts, with a total of RMB 1.47 billion in newly signed contracts for 2024, and anticipates further contracts worth RMB 840 million in the first quarter of 2025, indicating a potential recovery in its business operations.
More about YCIH Green High-Performance Concrete Co., Ltd. Class H
YCIH Green High-Performance Concrete Co., Ltd. is a company based in China that specializes in the production of commercial concrete and related products. The company focuses on large-scale projects and has a significant presence in both internal and external markets.
YTD Price Performance: 16.22%
Average Trading Volume: 12,538
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$57.57M
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