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Nanjing Sample Technology Issues Profit Warning Amid Market Challenges

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Nanjing Sample Technology Issues Profit Warning Amid Market Challenges

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Nanjing Sample Technology Co., Ltd. Class H ( (HK:1708) ) has issued an announcement.

Nanjing Sample Technology Co., Ltd. has issued a profit warning, indicating an expected net loss of RMB380 million to RMB440 million for the year ended December 31, 2024, compared to a net profit of RMB1.99 million in 2023. The loss is attributed to below-expectation payments and settlements in engineering projects, litigation-related expenses, market demand contraction, intensified industry competition, and rising procurement costs, all of which have led to decreased revenue and profit margins.

More about Nanjing Sample Technology Co., Ltd. Class H

Nanjing Sample Technology Co., Ltd. operates in the technology sector and is a joint stock limited company incorporated in the People’s Republic of China. The company, along with its subsidiaries, is involved in engineering projects and faces market competition and demand fluctuations.

YTD Price Performance: -5.13%

Average Trading Volume: 38,660

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$293.1M

Learn more about 1708 stock on TipRanks’ Stock Analysis page.

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