TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Wenye Group Holdings Limited ( (HK:1802) ) just unveiled an update.
Wenye Group Holdings Limited has announced a positive profit alert for the first half of 2025, despite a significant decrease in revenue from RMB13.5 million to no less than RMB4 million. The company expects to turn a previous loss into a profit of no less than RMB800 million, with net liabilities significantly reduced from RMB930 million to no more than RMB70 million. This turnaround is attributed to increased other income from the disposal of interests in Wenye Decoration, a former subsidiary, and the segregation of its liabilities, which has helped the company stabilize its financial position.
More about Wenye Group Holdings Limited
Wenye Group Holdings Limited is a company incorporated in the Cayman Islands, operating primarily in the decoration business closely tied to the real estate market in the People’s Republic of China. The company has faced challenges due to macroeconomic conditions and issues related to its subsidiary, Shenzhen Wenye Decoration Design Engineering Co., Ltd.
Average Trading Volume: 3,255,161
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$41.58M
For an in-depth examination of 1802 stock, go to TipRanks’ Overview page.