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The latest update is out from China Partytime Culture Holdings Ltd. ( (HK:1532) ).
China Partytime Culture Holdings Ltd. has issued a profit warning, anticipating a significant increase in net loss for the year ended December 31, 2024, with losses projected between RMB70 million to RMB74 million, compared to RMB18.6 million in the previous year. This increase is attributed to a 30% decline in revenue due to unfavorable macroeconomic conditions and a downturn in export trade, alongside impairment losses on property, plant, equipment, goodwill, and assets held for sale. The company’s financial results are yet to be finalized, and stakeholders are advised to exercise caution.
More about China Partytime Culture Holdings Ltd.
China Partytime Culture Holdings Ltd. operates in the consumer goods industry, focusing on fabric care, personal hygiene, and home care products. The company also has a business segment in wigs, indicating a diverse product portfolio with a market focus on both domestic and export trade environments.
YTD Price Performance: -6.36%
Average Trading Volume: 946,276
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$189.7M
Find detailed analytics on 1532 stock on TipRanks’ Stock Analysis page.