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Ye Xing Group Holdings Issues Profit Warning with Increased Losses

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Ye Xing Group Holdings Issues Profit Warning with Increased Losses

Ye Xing Group Holdings Limited ( (HK:1941) ) has issued an announcement.

Ye Xing Group Holdings Limited has announced an expected increase in its financial losses for the year ending December 31, 2024. The company anticipates a loss of up to RMB22 million, compared to a loss of approximately RMB14 million in the previous year, primarily due to increased impairment losses on trade and other receivables and amounts due from related parties. The financial results are still being finalized and have not yet been reviewed by auditors, with the final results expected to be published on March 27, 2025. Stakeholders are advised to exercise caution when dealing with the company’s shares.

More about Ye Xing Group Holdings Limited

YTD Price Performance: 2.35%

Average Trading Volume: 154,666

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$70.52M

For detailed information about 1941 stock, go to TipRanks’ Stock Analysis page.

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