Zhixin Group Holding Limited (HK:2187) has released an update.
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Zhixin Group Holding Limited anticipates a significant drop in net profit for the first half of 2024, projecting earnings between RMB1.0 million to RMB3.0 million compared to RMB10.6 million in the same period last year. This decline is largely due to losses in its ready-made and precast concrete components sector, partially offset by profits in iron ore tailings recycling and eco-friendly brick manufacturing. Investors are cautioned to await the final interim results due by end of August 2024 before trading in the company’s shares.
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