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ZG Group Class A ( (HK:6676) ) has shared an update.
ZG Group has announced a significant financial turnaround, reporting an expected net profit of RMB140.0 million to RMB180.0 million for the first half of 2025, compared to a net loss of RMB76 million in the same period in 2024. This positive shift is largely due to non-cash gains from the conversion of convertible preferred shares during the company’s De-SPAC transaction. However, the company also reported an adjusted net loss due to the cessation of certain fintech services, although it is gradually resuming these services through equity participation. The announcement highlights the company’s strategic growth in overseas markets and the impact of its recent listing on its financial performance.
More about ZG Group Class A
ZG Group, also known as 找鋼產業互聯集團, is a company incorporated in the Cayman Islands and operates in Hong Kong under the business name ZGW. The company is involved in the steel industry and focuses on leveraging technology for industrial interconnectivity, with a market focus that includes overseas transactions and fintech solutions.
Average Trading Volume: 1,071,908
Technical Sentiment Signal: Strong Sell
See more insights into 6676 stock on TipRanks’ Stock Analysis page.