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China Jicheng Holdings Limited ( (HK:1027) ) has shared an announcement.
China Jicheng Holdings Limited has announced a positive profit alert, expecting to record a net profit of approximately RMB11 million for the year ended December 31, 2024, compared to a net loss of approximately RMB93 million the previous year. This turnaround is attributed to a revenue increase of approximately RMB59 million due to heightened demand for Nylon umbrellas and parts, as well as a reversal of impairment losses on expected credit losses amounting to approximately RMB36 million.
More about China Jicheng Holdings Limited
China Jicheng Holdings Limited operates in the manufacturing industry, focusing primarily on the production of Nylon umbrellas and umbrella parts. The company is positioned in the market to cater to the demand for these products, which has seen an increase due to improved market conditions.
YTD Price Performance: -14.15%
Average Trading Volume: 102,467
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$375.4M
See more insights into 1027 stock on TipRanks’ Stock Analysis page.