Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited Class H (HK:1379) has released an update.
Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited has issued a profit warning, anticipating a significant drop in net profit for the first half of 2024, ranging between RMB 10.0 million to RMB 14.0 million. This decline is mainly due to a lack of property sales and increased valuation losses on investment properties. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.
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