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The latest update is out from Nan Nan Resources Enterprise Limited ( (HK:1229) ).
Nan Nan Resources Enterprise Limited has issued a profit warning, indicating a significant financial downturn for the six months ending September 2025. The company expects to record a loss of up to HK$10 million, a stark contrast to the HK$47.1 million profit from the previous year. This downturn is attributed to a fair value loss on a convertible bond and decreased gross profit due to rising sales costs and lower coal prices. The announcement advises caution for shareholders and potential investors as the financial results are still being finalized and have not been audited.
The most recent analyst rating on (HK:1229) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Nan Nan Resources Enterprise Limited stock, see the HK:1229 Stock Forecast page.
More about Nan Nan Resources Enterprise Limited
Nan Nan Resources Enterprise Limited is a company incorporated in Bermuda, primarily engaged in the coal mining industry. The company focuses on the extraction and sale of coal, with its operations and market focus primarily in Hong Kong.
Average Trading Volume: 1,150,741
Technical Sentiment Signal: Buy
Current Market Cap: HK$206.7M
For a thorough assessment of 1229 stock, go to TipRanks’ Stock Analysis page.