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Champion Alliance International Holdings Ltd. ( (HK:1629) ) has issued an update.
Champion Alliance International Holdings Limited has issued a profit warning, indicating a significant decline in net profit for the year ended December 31, 2024, compared to the previous year. The anticipated net profit is approximately RMB0.5 million, down from RMB9.6 million in 2023, primarily due to a provision for impairment of trade receivables amounting to RMB8.7 million. The company is still finalizing its annual results, which may be subject to adjustments, and advises shareholders and potential investors to exercise caution when dealing with its shares.
More about Champion Alliance International Holdings Ltd.
YTD Price Performance: -7.14%
Average Trading Volume: 817,272
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$71.54M
For an in-depth examination of 1629 stock, go to TipRanks’ Stock Analysis page.