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JOINN Laboratories (China) Co., Ltd. Class H ( (HK:6127) ) just unveiled an announcement.
JOINN Laboratories (China) Co., Ltd. has issued a profit warning for the year 2024, expecting a significant decrease in both operating revenue and net profit compared to the previous year. The anticipated drop in operating revenue is between 10.8% to 19.3%, while net profit is expected to decline by 77.8% to 85.2%. This downturn is attributed to increased competition, reduced order prices, and a drop in market prices for biological assets, which have negatively impacted the company’s performance.
More about JOINN Laboratories (China) Co., Ltd. Class H
JOINN Laboratories (China) Co., Ltd. operates within the laboratory services industry, offering a range of scientific and analytical services. The company is based in China and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -12.19%
Average Trading Volume: 1,731,595
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$11.4B
See more data about 6127 stock on TipRanks’ Stock Analysis page.
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