Lisi Group Predicts Loss Amid Economic Challenges

Lisi Group (Holdings) Limited (HK:0526) has released an update.

Lisi Group (Holdings) Limited has issued a profit warning, expecting a net loss of up to RMB30 million for the six months ending September 2024, attributed to valuation losses on investment properties and impairment losses on financial assets amid a challenging economic environment in China. This marks a significant decline from a net profit of RMB293.2 million in the same period last year. Additionally, the appointment of Ms. Li Jialu as vice chairlady and executive director has been delayed, pending further discussions.

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