Hebei Yichen Forecasts Rising H1 2024 Losses
Company Announcements

Hebei Yichen Forecasts Rising H1 2024 Losses

Hebei Yichen Industrial Group Corporation Limited Class H (HK:1596) has released an update.

Hebei Yichen Industrial Group Corporation Limited has issued a profit warning, expecting a consolidated net loss of approximately RMB42.2 million for the first half of 2024, which is an increase in losses from the previous year due to significant changes in the fair value of financial assets held for trading. The company advises shareholders and potential investors to exercise caution when dealing with its shares, with detailed financial results to be published in August 2024.

For further insights into HK:1596 stock, check out TipRanks’ Stock Analysis page.

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