Nanjing Sample Technology Co., Ltd. Class H (HK:1708) has released an update.
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Nanjing Sample Technology Co., Ltd. is expected to report a net loss of RMB 12-18 million for the first half of 2024, contrasting sharply with the net profit of RMB 26.2 million in the same period last year. The disappointing forecast is due to slower domestic market recovery, aggressive competition, low bidding prices on projects, and increasing procurement costs, leading to a projected 20-30% decline in income. Investors are urged to exercise caution when dealing in the company’s shares until the finalized interim results are released on August 29, 2024.
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