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China Art Financial Holdings Ltd ( (HK:1572) ) has shared an announcement.
China Art Financial Holdings Ltd has issued a profit warning, indicating a projected decrease in net profit by 55% to 65% for the year ending December 31, 2024, compared to the previous year. This decline is attributed to reduced gross profit from art and asset sales and increased operating expenses, impacting the company’s financial performance and potentially affecting investor confidence.
More about China Art Financial Holdings Ltd
China Art Financial Holdings Ltd operates in the art and asset sales industry, focusing on the trading and financial services related to art pieces and collectibles.
YTD Price Performance: -21.00%
Average Trading Volume: 1,521,886
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$136.9M
For a thorough assessment of 1572 stock, go to TipRanks’ Stock Analysis page.