Hanhua Financial Expects Sharp Profit Decline

Hanhua Financial Holding Co., Ltd. Class H (HK:3903) has released an update.

Hanhua Financial Holding Co., Ltd. has issued a profit warning, anticipating a 50% decrease in net profit for the first half of 2024 compared to the previous year, primarily due to lower gains from long-term equity investments and a significant increase in impairment losses. The company is still finalizing its financial results, which will be revealed in late August 2024, and advises shareholders and investors to trade with caution.

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