XiangXing International Holding Limited (HK:1732) has released an update.
XiangXing International Holding Limited has announced an anticipated net profit of RMB 6-8 million for the first half of 2024, a significant increase from the RMB 0.8 million reported in the same period the previous year. The improvement is largely due to a resurgence in the company’s supply chain operations, specifically in the trading of building materials. Investors are advised to look for the official interim results to be released by the end of August 2024 and to exercise caution when trading shares.
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