Huisen Shares Group Anticipates Major Losses

Huisen Household International Group Limited (HK:2127) has released an update.

Huisen Shares Group Limited has issued a profit warning, anticipating a loss of RMB 250 million to RMB 350 million for the first half of 2024, a significant downturn from a RMB 160 million profit in the previous year. The expected loss is primarily due to a substantial drop in business income amid a global economic downturn and the adverse effects of Sino-US trade tariffs. Investors are cautioned to exercise prudence with their transactions involving the company’s securities.

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