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Zhengye International Holdings Co., Ltd. ( (HK:3363) ) has shared an update.
Zhengye International Holdings Co., Ltd. has announced a positive profit alert, expecting a profit of RMB33 million to RMB38 million for the year ended December 31, 2024, compared to a loss of RMB17 million the previous year. This turnaround is attributed to increased market demand for packaging paper, improved internal management, cost control measures, and profits from property sales, enhancing the company’s gross profit margin.
More about Zhengye International Holdings Co., Ltd.
Zhengye International Holdings Co., Ltd. operates in the papermaking and packaging industry. The company focuses on producing packaging paper and related products, with a market emphasis on optimizing internal management and cost control.
YTD Price Performance: 2.63%
Average Trading Volume: 8,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$195M
See more insights into 3363 stock on TipRanks’ Stock Analysis page.