Beijing SinoHytec Anticipates Sharper Losses

Beijing SinoHytec Co., Ltd. Class H (HK:2402) has released an update.

Beijing SinoHytec Co., Ltd. has issued a profit warning, anticipating an 80% increase in net loss for the first half of 2024 compared to the previous year, primarily due to higher interest expenses, lower gross profit margin, and decreased exchange gains. The company’s final financial results for the period are yet to be confirmed and will be released by the end of August 2024. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

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