China Risun Group Forecasts Significant Profit Decline

China Risun Group Ltd. (HK:1907) has released an update.

China Risun Group Ltd. has issued a profit warning, anticipating an 80-85% decrease in net profit for the first half of 2024 compared to the same period in 2023. Key factors include a significant drop in the average price of coke products and increased expenses following the acquisition of a subsidiary. Despite the profit downturn, the company maintains a positive outlook on its operational health and market leadership through continued business growth and strategic innovation.

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