Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
China Treasures New Materials Group Limited. ( (HK:2439) ) has issued an announcement.
China Treasures New Materials Group has warned that its net profit attributable to shareholders for 2025 is expected to fall sharply to not less than RMB28.0 million, from approximately RMB111.2 million a year earlier. The anticipated profit decline is attributed to lower revenue driven mainly by weaker sales of biodegradable shopping bags and produce bag rolls, alongside higher research and development expenses.
The company also cited the absence of two non-recurring gains booked in 2024, namely a lease payment refund from an early factory lease termination and a government grant linked to its stock market listing, as further pressure on 2025 earnings. Management cautioned that the figures are based on unaudited management accounts and may change, and advised shareholders and potential investors to exercise care when trading its shares ahead of the final results release slated for late March 2026.
More about China Treasures New Materials Group Limited.
China Treasures New Materials Group Ltd., listed in Hong Kong, operates in the new materials sector with a focus on biodegradable plastic products. Its primary offerings include biodegradable shopping bags and biodegradable produce bag rolls, positioning the group in the environmentally focused packaging and materials market.
Average Trading Volume: 898,892
Technical Sentiment Signal: Hold
Current Market Cap: HK$265M
For an in-depth examination of 2439 stock, go to TipRanks’ Overview page.