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Huili Resources (Group) Limited ( (HK:1303) ) has provided an announcement.
Huili Resources (Group) Limited has issued a profit warning, indicating a significant decrease in net profit for the first half of 2025. The expected net profit is between RMB15 million to RMB20 million, a sharp decline from RMB118 million in the same period last year. This decrease is attributed to factors such as a drop in coal prices, absence of a one-off gain from the previous year, a reversal of expected credit loss, and foreign exchange losses. The company advises caution to shareholders and potential investors as the interim results may differ from preliminary estimates.
More about Huili Resources (Group) Limited
Huili Resources (Group) Limited is a company incorporated in the Cayman Islands, primarily involved in the coal trading business. The company operates in the resources sector and is listed on the Stock Exchange of Hong Kong Limited.
Average Trading Volume: 209,000
Technical Sentiment Signal: Hold
Current Market Cap: HK$652M
See more data about 1303 stock on TipRanks’ Stock Analysis page.