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Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H ( (HK:0840) ) has issued an update.
Xinjiang Tianye Water Saving Irrigation System Co., Ltd. has issued a profit alert, indicating an expected net loss of approximately RMB15,499,000 for the first half of 2025, compared to a net profit of RMB13,857,000 in the same period of 2024. The loss is attributed to a significant decrease in high-standard farmland construction projects due to changes in market conditions and government policies, leading to a decline in sales of PVC pipeline products and reduced income from engineering services. Despite the anticipated loss, the company’s financial position remains stable.
More about Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H
Xinjiang Tianye Water Saving Irrigation System Co., Ltd. operates in the irrigation industry, focusing on providing water-saving irrigation systems and related products, including PVC pipeline products. The company is based in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 369,062
Technical Sentiment Signal: Buy
Current Market Cap: HK$122.1M
Find detailed analytics on 0840 stock on TipRanks’ Stock Analysis page.