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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
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