Ajisen (China) Issues Profit Warning Amid Market Challenges

Ajisen (China) Holdings Limited ( (HK:0538) ) has provided an update.

Ajisen (China) Holdings Limited has issued a profit warning, indicating an expected loss of up to RMB40 million for the year ending December 31, 2024, compared to a profit of RMB181.2 million the previous year. This anticipated loss is attributed to revaluation losses on investment properties due to challenging property market conditions in Hong Kong and Mainland China, as well as decreased profitability in its catering business due to intensified competition and shifts in consumer behavior towards takeaway services, which have increased operating costs.

More about Ajisen (China) Holdings Limited

Ajisen (China) Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the catering industry. The company operates a chain of restaurants offering Japanese ramen and other related food products, with a market focus on Hong Kong and Mainland China.

YTD Price Performance: -2.35%

Average Trading Volume: 500,122

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$906M

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