Shandong Fengxiang Co., Ltd. Class H (HK:9977) has released an update.
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Shandong Fengxiang Co., Ltd. has issued a profit warning, indicating an expected revenue increase to RMB2,654 million but a decrease in net profit to RMB60 million for the first half of 2024, primarily due to a significant drop in the average selling price of its chicken meat products. The company’s preliminary financial results are still under review, with final details to be released by the end of August 2024. Shareholders and potential investors are cautioned to exercise care when dealing with the company’s securities.
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