Zhengye International Projects Profit Turnaround

Zhengye International Holdings Co., Ltd. (HK:3363) has released an update.

Zhengye International Holdings Co., Ltd. has issued a positive profit alert, expecting a significant turnaround with profits estimated between RMB13 million to RMB18 million for the first half of 2024, in contrast to a loss in the same period last year. The improvement is primarily due to lower raw material costs and a slight increase in product selling prices. The company has cautioned shareholders and potential investors to exercise caution when dealing in its securities until the publication of the complete interim results expected by the end of August 2024.

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