Huasheng International Holding Limited (HK:1323) has released an update.
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Huasheng International Holding Limited reported a significant decline in revenue and a net loss of approximately HK$24.4 million for the six months ending September 2024, largely due to weak demand in the PRC’s real estate market affecting their Concrete Business. The company’s revenue fell by 34.3% compared to the same period last year, with the Concrete Business making up 97.2% of total revenue. The slowdown in construction and tough business conditions in China have been major challenges for the company’s financial performance.
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