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Huasheng International Holding Limited ( (HK:1323) ) just unveiled an announcement.
Huasheng International Holding Limited has issued a profit warning, projecting a significant increase in net loss for the fiscal year ending March 2025, estimated at around HK$95.0 million compared to HK$31.4 million the previous year. This increase is attributed to a decline in demand for concrete products due to a slump in the real estate sector, reduced infrastructure spending, and a drop in selling prices, alongside increased impairment losses and a one-off loss from the disposal of a subsidiary. Stakeholders are advised to exercise caution as the financial results are yet to be finalized.
More about Huasheng International Holding Limited
Huasheng International Holding Limited operates in the construction materials industry, primarily focusing on the production and sale of ready-mixed commercial concrete products. The company is affected by market conditions in the real estate sector and infrastructure spending.
Average Trading Volume: 534,241
Technical Sentiment Signal: Sell
Current Market Cap: HK$130.7M
Learn more about 1323 stock on TipRanks’ Stock Analysis page.