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Modern Chinese Medicine Group Co. Ltd. ( (HK:1643) ) has issued an announcement.
Modern Chinese Medicine Group Co., Ltd. announced a positive profit alert, expecting a profit of at least RMB2.0 million for the first half of 2025, compared to a loss of RMB6.9 million in the same period of 2024. This turnaround is attributed to a significant decrease in disposal loss on property, plant, and equipment. However, the company anticipates a revenue decline of 15% to 20% due to intense industry competition.
More about Modern Chinese Medicine Group Co. Ltd.
Modern Chinese Medicine Group Co., Ltd. operates in the traditional Chinese medicine industry, focusing on the production and sale of Chinese medicine products. The company is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange.
Average Trading Volume: 2,051,812
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$489.6M
See more data about 1643 stock on TipRanks’ Stock Analysis page.