Add New Energy Investment Holdings Group Ltd. (HK:2623) has released an update.
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Add New Energy Investment Holdings Group Ltd. has issued a profit warning, indicating an expected loss of RMB16 million for the first half of 2024, a stark contrast to the RMB33 million profit from the previous year. The loss is attributed to a substantial decrease in revenue and gross profit due to slowed trading activities, price volatility in minerals, and order processing delays. Investors are cautioned to be prudent when dealing with the company’s securities.
For further insights into HK:2623 stock, check out TipRanks’ Stock Analysis page.