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An announcement from Hong Kong Aerospace Technology Group Limited ( (HK:1725) ) is now available.
USPACE Technology Group Limited, a company incorporated in the Cayman Islands, has issued a profit warning indicating an expected net loss of not less than RMB250 million for the financial year ending December 31, 2024, compared to a loss of approximately RMB223 million the previous year. This increase in net loss is attributed to reduced operating expenses and impairment losses on certain assets, which are non-cash in nature. The company’s annual results are yet to be finalized and will be disclosed in March 2025. This announcement highlights the company’s financial challenges and the implications for stakeholders, as it navigates reporting requirements under the Takeovers Code and the Securities and Futures Ordinance.
More about Hong Kong Aerospace Technology Group Limited
YTD Price Performance: 9.09%
Average Trading Volume: 5,384,601
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$509.1M
For an in-depth examination of 1725 stock, go to TipRanks’ Stock Analysis page.