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China Treasures New Materials Group Limited. ( (HK:2439) ) has provided an announcement.
China Treasures New Materials Group Limited has announced a positive profit alert, expecting a significant increase in net profit for the fiscal year 2024, reaching at least RMB105.0 million compared to RMB84.0 million in 2023. This growth is attributed to increased revenue from biodegradable shopping bags, government grants following its stock exchange listing, a refund from an early lease termination, and decreased listing expenses, indicating a strong operational and financial performance.
More about China Treasures New Materials Group Limited.
China Treasures New Materials Group Limited is a company incorporated in the Cayman Islands, focusing on the production and sales of biodegradable shopping bags. The company is listed on the Hong Kong Stock Exchange and operates within the new materials industry, emphasizing environmentally friendly products.
YTD Price Performance: -0.83%
Average Trading Volume: 642,631
Technical Sentiment Consensus Rating: Buy
See more data about 2439 stock on TipRanks’ Stock Analysis page.