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Dongjiang Environmental Announces Expected 2024 Financial Losses Amid Industry Challenges

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Dongjiang Environmental Announces Expected 2024 Financial Losses Amid Industry Challenges

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Dongjiang Environmental Company ( (HK:0895) ) has issued an announcement.

Dongjiang Environmental Company Limited expects to report a net loss for the fiscal year ending December 31, 2024, with estimated losses between RMB 705 million and RMB 785 million. The company attributes this to intense competition in the hazardous waste industry, declining prices for non-hazardous waste services, and asset impairments. Despite these challenges, the new management team is implementing strategies focused on transformation, innovation, and cost reduction to improve future performance.

More about Dongjiang Environmental Company

Dongjiang Environmental Company Limited is a joint stock company incorporated in the People’s Republic of China, operating in the waste management industry. The company focuses on hazardous waste management and environmental protection services.

YTD Price Performance: 0.0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $518.3M

See more data about 0895 stock on TipRanks’ Stock Analysis page.

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