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Hilong Holding Ltd. ( (HK:1623) ) has shared an announcement.
Hilong Holding Ltd. has issued a profit warning, indicating an expected net loss of RMB310 million to RMB340 million for the first half of 2025, compared to a profit of RMB46.6 million in the same period last year. This significant financial downturn is mainly due to a loss on the remeasurement of a vessel classified as held for sale. Despite this loss, the company’s core business operations remain stable. Stakeholders and investors are advised to exercise caution, with detailed interim results expected by the end of August 2025.
More about Hilong Holding Ltd.
Hilong Holding Ltd. is a company incorporated in the Cayman Islands, operating within the industrial sector. The company, along with its subsidiaries, is primarily involved in the provision of services and products related to the oil and gas industry.
YTD Price Performance: 43.36%
Average Trading Volume: 8,536,678
Technical Sentiment Signal: Buy
Current Market Cap: HK$274.8M
For detailed information about 1623 stock, go to TipRanks’ Stock Analysis page.