China Electronics Optics Valley Union Holding Co., Ltd. (HK:0798) has released an update.
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China Electronics Optics Valley Union Holding Co., Ltd. has issued a profit warning, anticipating a loss of RMB 50 million to 100 million for the first half of 2024, a stark contrast to the RMB 39.3 million profit in the same period the previous year. The anticipated downturn is attributed to reduced revenue from industrial park space sales and delayed contract fulfillments, amid challenging conditions in China’s property sector. Investors are advised to exercise caution when dealing in the company’s shares.
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