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An update from Jiujiuwang Food International Limited ( (HK:1927) ) is now available.
Jiujiuwang Food International Limited has issued a profit warning, indicating an expected net loss of approximately RMB3.6 million for the year ending December 31, 2024, compared to a net profit of RMB4.9 million the previous year. This downturn is primarily attributed to an increase in the impairment of expected credit loss by approximately RMB7.9 million. The company is still finalizing its annual results, and the figures are subject to adjustments. Stakeholders are advised to exercise caution in dealing with the company’s shares.
More about Jiujiuwang Food International Limited
Jiujiuwang Food International Limited is a company incorporated in the Cayman Islands, operating in the food industry. It is listed on the Hong Kong Stock Exchange and focuses on producing and distributing food products.
YTD Price Performance: -0.84%
Average Trading Volume: 157,608
Technical Sentiment Signal: Hold
Current Market Cap: HK$93.46M
Learn more about 1927 stock on TipRanks’ Stock Analysis page.