tiprankstipranks
Trending News
More News >

China Weaving Materials Issues Profit Warning Amid Revenue Decline

Story Highlights
China Weaving Materials Issues Profit Warning Amid Revenue Decline

Don’t Miss TipRanks’ Half-Year Sale

China Weaving Materials Holdings Ltd. ( (HK:3778) ) just unveiled an update.

China Weaving Materials Holdings Ltd. has issued a profit warning, indicating a significant increase in its consolidated net loss for the first half of 2025 compared to the same period in 2024. The anticipated loss is attributed to a decrease in revenue from yarn products due to poor market conditions, a reduction in other income, and increased administrative expenses. The company recorded a consolidated revenue of approximately RMB410 million for the first five months of 2025, a decline from the previous year’s figure. Shareholders and potential investors are advised to exercise caution as the company finalizes its results, expected to be released by the end of August 2025.

More about China Weaving Materials Holdings Ltd.

China Weaving Materials Holdings Ltd. operates in the textile industry, focusing on the production and sale of yarn products. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 274,666

Technical Sentiment Signal: Sell

Current Market Cap: HK$463.4M

Find detailed analytics on 3778 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1