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Trigiant Group Ltd. ( (HK:1300) ) just unveiled an update.
Trigiant Group Ltd. announced an expected financial loss of not more than RMB8.0 million for the year 2024, a significant improvement from the RMB22.5 million loss recorded in 2023. Despite a slight increase in turnover to approximately RMB2.51 billion, the company anticipates a decrease in gross profit due to market competition. However, the impairment losses under the expected credit loss model are estimated to decrease significantly by approximately RMB40 million, indicating improved financial management.
More about Trigiant Group Ltd.
Trigiant Group Ltd. operates in the telecommunications industry, focusing on the production and distribution of telecommunication cables and related products. The company primarily serves the Chinese market, providing essential components for communication networks.
YTD Price Performance: 10.0%
Average Trading Volume: 820,727
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$591.2M
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