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Wenye Group Holdings Limited ( (HK:1802) ) just unveiled an update.
Wenye Group Holdings Limited has announced a profit warning, indicating a significant financial downturn for the year ending December 31, 2024. The company expects to report a net loss of approximately RMB96 million, a 50.2% increase from the previous year’s loss. This downturn is attributed to a substantial decrease in revenue, increased other losses, higher impairment losses on financial and contract assets, and rising finance costs. The final audited results are expected to be released on March 31, 2025.
More about Wenye Group Holdings Limited
YTD Price Performance: -3.33%
Average Trading Volume: 1,978,981
Technical Sentiment Signal: Buy
Current Market Cap: HK$34.45M
For an in-depth examination of 1802 stock, go to TipRanks’ Stock Analysis page.