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Huarong International Financial Holdings Limited ( (HK:0993) ) has issued an update.
XinKong International Capital Holdings Limited has issued a profit warning, indicating a significant financial downturn for the first half of 2025. The company expects to record a net loss of HK$290 million to HK$310 million, a stark contrast to the HK$143 million profit from the same period in 2024. This loss is primarily due to a material impairment loss related to a loan receivable and a net loss on financial assets at fair value. Stakeholders are advised to exercise caution as changes in asset values may further impact the company’s financial performance.
The most recent analyst rating on (HK:0993) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Huarong International Financial Holdings Limited stock, see the HK:0993 Stock Forecast page.
More about Huarong International Financial Holdings Limited
YTD Price Performance: 32.47%
Average Trading Volume: 3,277,075
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.83B
Learn more about 0993 stock on TipRanks’ Stock Analysis page.