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The latest announcement is out from Xinji Shaxi Group Co., Ltd. ( (HK:3603) ).
Xinji Shaxi Group Co., Ltd. has issued a profit warning, indicating that the loss attributable to shareholders for the financial year 2024 is expected to increase significantly to not more than RMB165.0 million, compared to RMB80.0 million in 2023. This increase is primarily due to a fair value loss on investment properties, notably the decreased valuation of the company’s malls due to shortened lease terms. However, the core net profit, excluding non-recurring items, is expected to decrease by no more than RMB10.0 million, reflecting a relatively stable operational performance.
More about Xinji Shaxi Group Co., Ltd.
Xinji Shaxi Group Co., Ltd. operates in the real estate industry, focusing on investment properties such as malls. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -4.00%
Average Trading Volume: 592,437
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$73.15M
For an in-depth examination of 3603 stock, go to TipRanks’ Stock Analysis page.