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The latest announcement is out from SANVO Fine Chemicals Group Limited ( (HK:0301) ).
SANVO Fine Chemicals Group Limited has issued a profit warning, indicating an expected loss of approximately RMB19.97 million for the year ending December 31, 2024, compared to a profit of RMB6.26 million in the previous year. This downturn is primarily attributed to an impairment loss on leasehold land in China and increased selling and distribution expenses, impacting the company’s financial performance and signaling potential challenges for stakeholders.
More about SANVO Fine Chemicals Group Limited
SANVO Fine Chemicals Group Limited is a company incorporated in the Cayman Islands, operating in the fine chemicals industry. The company, along with its subsidiaries, is listed on the Hong Kong Stock Exchange and focuses on producing a range of chemical products.
YTD Price Performance: -10.28%
Average Trading Volume: 574,927
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$451.6M
Find detailed analytics on 0301 stock on TipRanks’ Stock Analysis page.