TH International ( (THCH) ) has released a notification of late filing.
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TH International Limited has announced a delay in filing its Annual Report on Form 20-F (Yearly Report) for the fiscal year ending December 31, 2024. The delay is primarily due to the company’s ongoing issues with internal controls, specifically a lack of competent financial reporting personnel and inadequate financial closing procedures. These issues have persisted from the previous year. The company expects to file the report within a fifteen-day grace period. Financially, the company has reported significant changes in its operations compared to the previous year, and there is substantial doubt about its ability to continue as a going concern. The company is committed to addressing these issues and ensuring compliance, as indicated by the signature of Dong Li, the Chief Financial Officer.
Spark’s Take on THCH Stock
According to Spark, TipRanks’ AI Analyst, THCH is a Underperform.
TH International faces significant financial hurdles, impacting its overall stock score. However, strong operational improvements and strategic growth initiatives provide some optimism. The negative valuation metrics and bearish technical indicators further weigh down the score.
To see Spark’s full report on THCH stock, click here.
More about TH International
YTD Price Performance: -21.83%
Average Trading Volume: 15,634
Technical Sentiment Signal: Buy
Current Market Cap: $92.11M
See more data about THCH stock on TipRanks’ Stock Analysis page.