YCIH Green High-Performance Concrete Co., Ltd. Class H (HK:1847) has released an update.
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YCIH Green High-Performance Concrete Co., Ltd. warns of an expected net loss of approximately RMB 27.95 million for the first half of 2024, a significant increase from the RMB 10.63 million loss in the same period of 2023. The anticipated loss is attributed to a roughly 54% drop in the sales volume of its main product, commercial concrete, and a slight decrease in its average selling price. Investors are cautioned to exercise prudence when dealing with the company’s shares.
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