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Sunfonda Group Holdings Ltd. ( (HK:1771) ) has shared an announcement.
Sunfonda Group Holdings Limited has issued a profit warning, indicating an expected unaudited loss of approximately RMB213.0 million for the year ending December 31, 2024, compared to a profit of RMB11.9 million in the previous year. This shift from profit to loss is attributed to decreased profitability in new car sales due to macroeconomic challenges and increased competition in the automobile sector. Shareholders and investors are advised to exercise caution as the financial information is preliminary and unaudited.
More about Sunfonda Group Holdings Ltd.
Sunfonda Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the automobile industry. The company, along with its subsidiaries, focuses on new car sales, which have been impacted by macroeconomic factors and intensified industry competition.
YTD Price Performance: 9.62%
Average Trading Volume: 83,937
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$171M
See more data about 1771 stock on TipRanks’ Stock Analysis page.