Yunnan Water Investment Co., Limited Class H (HK:6839) has released an update.
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Yunnan Water Investment Co., Limited has issued a profit warning, alerting shareholders and potential investors of an anticipated loss between RMB700 million to RMB900 million for the first half of 2024. This expected loss marks a significant increase from the RMB192.3 million loss reported in the same period of 2023, primarily due to lower operating revenue and higher expected credit and goodwill impairment allowances. Shareholders are advised to exercise caution when dealing with the company’s shares.
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