Ye Xing Group Holdings Limited (HK:1941) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into HK:1941 stock, check out TipRanks’ Stock Analysis page.