tiprankstipranks
Trending News
More News >

Champion Alliance Issues Profit Warning Amid Declining Profits

Story Highlights
Champion Alliance Issues Profit Warning Amid Declining Profits

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App