BaWang International (Group) Holding Limited (HK:1338) has released an update.
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BaWang International anticipates a significant 64% drop in net profits for the first ten months of 2024 despite a slight revenue increase and stable gross profit margin. The decline is mainly due to heightened advertising, research and development expenses, and general administrative costs. Investors are urged to exercise caution when dealing with BaWang shares.
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