Feiyang International Issues Profit Warning for FY2024

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

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