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Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited Class H ( (HK:1379) ) has issued an announcement.
Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited has issued a profit warning, indicating a significant decrease in net profit for the year ending December 31, 2024. The expected decline, ranging from RMB10.0 million to RMB14.0 million compared to the previous year’s RMB27.2 million, is attributed to a lack of property sales, increased valuation losses on investment properties, and reduced government grants. The company advises caution to shareholders and investors as the final audited results may differ from the preliminary figures.
More about Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited Class H
Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited operates in the trading industry, focusing on measuring and cutting tools. The company is based in Zhejiang, China, and is involved in property sales and investment properties.
YTD Price Performance: 19.78%
Average Trading Volume: 9,450
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$175.2M
For detailed information about 1379 stock, go to TipRanks’ Stock Analysis page.