Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Huajin International Holdings Ltd. ( (HK:2738) ) has shared an announcement.
Huajin International Holdings Ltd. has issued a profit warning, indicating an expected net loss for the year ending December 31, 2024, ranging from approximately RMB 78 million to RMB 98 million. This anticipated loss is attributed to decreased revenue and sales volume, partly due to resource allocation towards the construction of Huajin terminal, and a reduction in the average processing fee of its steel products. The company advises shareholders and potential investors to exercise caution when dealing in its shares.
More about Huajin International Holdings Ltd.
Huajin International Holdings Ltd. is a company incorporated in the Cayman Islands, primarily involved in the steel industry. The company focuses on processed steel products and galvanized steel products, with a market presence that is influenced by the price fluctuations of raw materials such as hot-rolled steel coils.
YTD Price Performance: -26.76%
Average Trading Volume: 280,877
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$312M
For detailed information about 2738 stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue