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The latest announcement is out from ZG Group Class A ( (HK:6676) ).
ZG Group has updated its financial forecast for the six months ending June 2025, now expecting a net loss between RMB480 million and RMB520 million, contrary to the previously announced net profit. This revision is primarily due to a reassessment of fair value changes in convertible preferred shares, which significantly reduced the non-cash gain from these changes. The adjusted net loss remains unchanged, highlighting the non-cash nature of the fair value adjustments, which do not impact cash flows. Stakeholders are advised to exercise caution as the interim results are still being finalized.
More about ZG Group Class A
ZG Group, incorporated in the Cayman Islands and operating in Hong Kong as ZGW, is a company controlled through weighted voting rights. It is listed on the Hong Kong Stock Exchange, focusing on industries related to steel and related products.
Average Trading Volume: 1,068,575
Technical Sentiment Signal: Strong Sell
Learn more about 6676 stock on TipRanks’ Stock Analysis page.