Ye Xing Group Holdings Limited (HK:1941) has released an update.
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Ye Xing Group Holdings Limited has issued a profit warning indicating a potential decrease in net profit to around RMB6.7 million for the first half of 2024, almost half of the previous year’s figure. This decline is primarily due to a drop in gross profit and an increase in impairment loss on receivables. Investors are cautioned to consider this preliminary and unaudited information carefully when dealing with the company’s securities.
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