Aowei Holding Limited (HK:1370) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Aowei Holding Limited, a mining company, has issued a profit warning to its shareholders and potential investors, anticipating a loss of no more than approximately RMB 55.0 million for the first half of 2024. This expected loss, an improvement from the RMB 65.7 million loss in the previous year, is primarily due to the suspension of mining activities at its subsidiary Jiheng Mining’s iron mine. Investors are advised to exercise caution when dealing in the company’s shares.
For further insights into HK:1370 stock, check out TipRanks’ Stock Analysis page.