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Huaibei GreenGold Industry Investment Co., Ltd. Class H ( (HK:2450) ) has provided an announcement.
Huaibei GreenGold Industry Investment Co., Ltd. has issued a profit warning, indicating an expected loss of RMB20 million to RMB30 million for the year ending December 2024. This downturn is attributed to a significant decrease in sales volume and average selling prices of its concrete and aggregate products, alongside non-recurring interest compensation and impairment of assets. The announcement suggests potential challenges in the company’s market positioning and financial performance, urging caution among shareholders and investors.
More about Huaibei GreenGold Industry Investment Co., Ltd. Class H
Huaibei GreenGold Industry Investment Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. The company operates in the industry of concrete and aggregate products, focusing on the production and sales of these materials.
YTD Price Performance: 93.51%
Average Trading Volume: 451,894
Technical Sentiment Consensus Rating: Sell
Learn more about 2450 stock on TipRanks’ Stock Analysis page.