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The latest announcement is out from BBMG ( (HK:2009) ).
BBMG Corporation has issued a profit warning for the year ended 31 December 2024, anticipating a net loss of between RMB300 million to RMB600 million attributable to shareholders. This marks a significant downturn compared to a net profit of RMB25.26 million in 2023. The company attributes this decline to overcapacity and weak market demand in the cement industry, leading to reduced sales and prices. Despite efforts to improve performance through cost control and efficiency measures, the property market’s deep adjustment further impacted the company’s financial results, resulting in lower selling prices and gross profit margins.
More about BBMG
BBMG Corporation is a joint stock company incorporated in the People’s Republic of China, operating within the cement and property development industries. The company focuses on producing cement and clinker and is involved in property development, catering to the construction and real estate sectors.
Average Trading Volume: 0
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