Seazen Group Ltd. (HK:1030) has released an update.
Seazen Group Limited has issued a profit warning, anticipating a decrease in profit to between RMB0.9 billion and RMB1.1 billion for the first half of 2024, down from RMB1.431 billion in the same period last year. The anticipated decline is mainly due to reduced revenue from property development amidst an industry downturn. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
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