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Champion Alliance International Holdings Ltd. ( (HK:1629) ) has shared an announcement.
Champion Alliance International Holdings Ltd. has issued a profit warning, indicating a significant financial downturn for the six months ending June 30, 2025. The company expects to report a loss of approximately RMB8.5 million, a stark contrast to the RMB4.96 million profit recorded in the same period of 2024. This negative shift is primarily attributed to a provision for impairment of trade and other receivables amounting to approximately RMB13 million. The announcement advises shareholders and potential investors to exercise caution when dealing with the company’s shares, as the financial results are still being finalized and may be subject to adjustments.
More about Champion Alliance International Holdings Ltd.
Average Trading Volume: 426,883
Technical Sentiment Signal: Hold
Current Market Cap: HK$101M
Learn more about 1629 stock on TipRanks’ Stock Analysis page.