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An announcement from Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H ( (HK:0840) ) is now available.
Xinjiang Tianye Water Saving Irrigation System Co., Ltd. has issued a profit warning, expecting a significant increase in net loss for the year ending December 2024, ranging from RMB43 million to RMB48 million, compared to the previous year’s loss of approximately RMB10.5 million. This anticipated loss is primarily due to a decrease in gross profit from reduced income in completed construction projects, although 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 water-saving irrigation systems. The company is based in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -11.43%
Average Trading Volume: 215,090
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$96.63M
See more insights into 0840 stock on TipRanks’ Stock Analysis page.