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China Traditional Chinese Medicine Holdings Co ( (HK:0570) ) has issued an update.
China Traditional Chinese Medicine Holdings Co. Limited has issued a profit warning, indicating an expected decline in net profit by 165% to 175% for the first half of 2025 compared to the previous year. The decline is attributed to reduced revenue and profitability in its concentrated TCM granules business due to increased centralized procurement and market competition, as well as a provision for goodwill impairment. This impairment is non-cash and aims to position the company for future improvements, with the expectation that profit would decrease by 50% to 60% without the impairment effect.
The most recent analyst rating on (HK:0570) stock is a Buy with a HK$5.00 price target. To see the full list of analyst forecasts on China Traditional Chinese Medicine Holdings Co stock, see the HK:0570 Stock Forecast page.
More about China Traditional Chinese Medicine Holdings Co
China Traditional Chinese Medicine Holdings Co. Limited operates in the traditional Chinese medicine industry, focusing on the production and distribution of concentrated TCM granules. The company is incorporated in Hong Kong and is listed on the Stock Exchange of Hong Kong.
Average Trading Volume: 23,301,564
Technical Sentiment Signal: Sell
Current Market Cap: HK$11.83B
See more data about 0570 stock on TipRanks’ Stock Analysis page.