Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Feiyang International Holdings Group Limited ( (HK:1901) ).
Feiyang International Holdings Group Limited has issued a profit warning, anticipating a significant increase in net loss for the fiscal year ending December 31, 2024, ranging from RMB50 million to RMB55 million, compared to a net loss of approximately RMB11.6 million in 2023. The expected loss is attributed to increased impairment of trade and other receivables, higher selling and distribution expenses, and a decrease in gross profit. The company is still finalizing its financial results, and stakeholders are advised to exercise caution when dealing with its shares.
More about Feiyang International Holdings Group Limited
Feiyang International Holdings Group Limited is a company incorporated in the Cayman Islands, focusing on various business operations through its subsidiaries. The company is listed on the Stock Exchange of Hong Kong and engages in activities that involve financial assets and trade, with a market focus on the Chinese region.
YTD Price Performance: 54.29%
Average Trading Volume: 1,359,422
Technical Sentiment Signal: Hold
Current Market Cap: HK$87.36M
See more insights into 1901 stock on TipRanks’ Stock Analysis page.