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China Conch Environment Protection Holdings Ltd. ( (HK:0587) ) has provided an update.
China Conch Environment Protection Holdings Ltd. has issued a profit warning, anticipating a significant decline in both revenue and net profit for the fiscal year 2024. The decrease is attributed to increased competition and lower disposal prices in the hazardous waste treatment market, alongside operational pressures and low capacity utilization in certain projects. The company plans to implement strategic measures, such as raising treatment prices, enhancing service quality, and expanding the alternative fuel business, to mitigate these challenges and boost profitability.
More about China Conch Environment Protection Holdings Ltd.
China Conch Environment Protection Holdings Ltd. operates in the hazardous waste treatment industry, focusing on solid and hazardous waste management. The company is engaged in developing external markets while coordinating production with cement enterprises, aiming to optimize operational efficiency and enhance competitiveness.
YTD Price Performance: -6.94%
Average Trading Volume: 661,209
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.22B
See more insights into 0587 stock on TipRanks’ Stock Analysis page.