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Shuanghua Holdings Ltd. ( (HK:1241) ) just unveiled an announcement.
Shuanghua Holdings Ltd. has issued a profit warning for the fiscal year ending December 31, 2024. The company anticipates a decrease in revenue to approximately RMB 82.3 million from RMB 100.7 million in the previous year, and an increase in net loss after tax to around RMB 16.9 million from RMB 12.1 million. This decline is attributed to a sluggish economic outlook and weak demand in China, prompting the company to adjust its product and service portfolio. Additionally, the strategic reduction in gross margin to offer cost-effective products and services has contributed to the increased net loss.
More about Shuanghua Holdings Ltd.
YTD Price Performance: -1.82%
Average Trading Volume: 266,347
Technical Sentiment Signal: Sell
Current Market Cap: HK$70.2M
Find detailed analytics on 1241 stock on TipRanks’ Stock Analysis page.