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Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H ( (HK:2502) ) just unveiled an announcement.
Henan Jinyuan Hydrogenated Chemicals Co., Ltd. has issued a profit warning, indicating an expected decrease in financial results for the year ending December 31, 2024, compared to the previous year. The anticipated loss of approximately RMB16 million is primarily due to a provision for a consumption tax on refined oil products, following a self-review prompted by the Jiyuan tax office. This development reflects potential financial challenges and tax liabilities that could impact the company’s operations and stakeholder interests.
More about Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H
Henan Jinyuan Hydrogenated Chemicals Co., Ltd. is a joint stock company incorporated in China, operating in the chemical industry. The company focuses on producing hydrogenated chemicals and refined oil products, with a market presence in the production of benzene-based products.
YTD Price Performance: -33.33%
Average Trading Volume: 265,846
Technical Sentiment Consensus Rating: Strong Buy
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