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Shenwan Hongyuan (H.K.) Limited Issues Profit Warning Amid Market Challenges

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Shenwan Hongyuan (H.K.) Limited Issues Profit Warning Amid Market Challenges

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An announcement from Shenwan Hongyuan (H.K.) Limited ( (HK:0218) ) is now available.

Shenwan Hongyuan (H.K.) Limited has issued a profit warning, expecting its unaudited consolidated loss after tax for the year ending December 31, 2024, to be between HK$150 million and HK$170 million, marking a reduction of 12% to 22% compared to the previous year’s loss. Despite challenges such as geopolitical instability and tightening global monetary policy affecting the global economic recovery, the company has implemented measures to mitigate these impacts, maintaining sound financial and operational stability.

More about Shenwan Hongyuan (H.K.) Limited

Shenwan Hongyuan (H.K.) Limited is a financial services company incorporated in Hong Kong, focusing on providing a range of financial products and services. The company operates in the capital markets sector, with a focus on the Hong Kong market.

YTD Price Performance: -16.32%

Average Trading Volume: 3,250

Technical Sentiment Signal: Sell

Current Market Cap: €275.3M

See more insights into 0218 stock on TipRanks’ Stock Analysis page.

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