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Jia Yao Holdings Limited ( (HK:1626) ) has provided an announcement.
Jia Yao Holdings Limited has issued a profit warning, indicating a significant decline in net profit for the year ending December 31, 2024, compared to the previous year. The decrease is attributed to increased investment in the electronic cigarette business, a drop in the unit selling price of paper cigarette packages, and global regulatory fluctuations affecting electronic cigarette profitability. The company is finalizing its financial results, which are subject to potential adjustments, with the official announcement expected on March 28, 2025.
More about Jia Yao Holdings Limited
Jia Yao Holdings Limited, incorporated in the Cayman Islands, operates in the electronic cigarette and paper cigarette packaging industry. The company focuses on expanding its electronic cigarette business while also dealing with the paper cigarette packaging segment.
YTD Price Performance: 26.84%
Average Trading Volume: 1,173,333
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$2.85B
See more data about 1626 stock on TipRanks’ Stock Analysis page.