Lonking Holdings Forecasts Strong Profit Growth

Lonking Holdings (HK:3339) has released an update.

Lonking Holdings Limited has announced a significant increase in net profit for the first half of 2024, with expected profits between RMB 410 million to RMB 461 million, marking a 33% to 50% jump compared to the previous year. This growth is attributed to improved gross margins from better product quality and cost control, as well as higher net income from financial assets. The preliminary data is based on unaudited accounts and investors are advised to exercise caution when dealing with the company’s shares.

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