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An announcement from Tang Palace (China) Holdings Limited ( (HK:1181) ) is now available.
Tang Palace (China) Holdings Limited has issued a profit warning, expecting a loss of RMB15 million to RMB20 million for the first half of 2025, compared to a profit in the same period last year. This downturn is attributed to new government regulations in China affecting customer spending, impairment losses on assets, and fair value losses on financial assets. In response, the company is implementing strategic measures to stabilize costs and adapt to market conditions, aiming for sustainable development despite the current challenges.
More about Tang Palace (China) Holdings Limited
Tang Palace (China) Holdings Limited operates in the restaurant industry, focusing on providing dining experiences with a particular emphasis on family gatherings and festive-themed dining. The company is adapting to market changes by introducing online deals, discount coupons, and expanding with a new satellite takeaway store model.
Average Trading Volume: 845,598
Technical Sentiment Signal: Sell
Current Market Cap: HK$206.6M
For detailed information about 1181 stock, go to TipRanks’ Stock Analysis page.