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Chiho Environmental Group Limited ( (HK:0976) ) just unveiled an announcement.
Chiho Environmental Group Limited has issued a profit warning, anticipating a significant net loss for FY2024 compared to FY2023. The expected loss is attributed to decreased demand in end-use metal sectors, trade barriers, regional conflicts, and high operational costs in Europe. Despite these challenges, the company is taking strategic measures to strengthen customer relationships, drive innovation, and improve production efficiency, maintaining confidence in its long-term development.
More about Chiho Environmental Group Limited
Chiho Environmental Group Limited operates in the environmental industry, focusing on metal recycling and waste management services. The company is involved in processing and trading metal scrap and other recyclable materials, with a market focus that includes sectors such as the automobile and construction industries.
YTD Price Performance: -6.25%
Average Trading Volume: 824,567
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$730.3M
Find detailed analytics on 0976 stock on TipRanks’ Stock Analysis page.