Ruixin International Holdings Ltd. (HK:0724) has released an update.
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Ruixin International Holdings Ltd. has warned investors of an estimated HK$21.0 million loss for the first half of 2024, a reduction in losses from the same period the previous year, mainly due to decreased operating losses in its electronic products business. Despite this decrease, the company has experienced nearly no sales orders due to various challenges, including global economic conditions, competition, and a tarnished company image. Investors are advised to exercise caution when trading the company’s securities.
For further insights into HK:0724 stock, check out TipRanks’ Stock Analysis page.