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China Success Finance Group Holdings Ltd. ( (HK:3623) ) has provided an update.
China Success Finance Group Holdings Limited has issued a profit warning, indicating an expected increase in losses by 20% to 30% for the year ending December 31, 2024, compared to the previous year. The anticipated losses are primarily due to challenges in their market hog business, which is undergoing a transitional period, and a decline in real estate market prices in mainland China, affecting the fair value of their financial assets. Stakeholders are advised to exercise caution as the final financial results may differ from the preliminary assessment.
More about China Success Finance Group Holdings Ltd.
China Success Finance Group Holdings Limited operates in the financial sector, focusing on providing financial services and solutions. The company is involved in the market hog business and holds financial assets related to real estate in mainland China.
YTD Price Performance: -8.05%
Average Trading Volume: 91,600
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$436.4M
For a thorough assessment of 3623 stock, go to TipRanks’ Stock Analysis page.