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China Silver Group Ltd. ( (HK:0815) ) has shared an update.
China Silver Group Limited has issued a profit warning for FY2024, expecting a decrease in net profit to RMB8-12 million from RMB14.5 million in FY2023. The decline is attributed to reduced sales in the jewellery retail segment, despite a rise in silver product sales, and decreased demand in the manufacturing segment. Additionally, the fresh food retail segment faced significant sales reduction and increased impairment losses, contributing to the overall decrease in profitability.
More about China Silver Group Ltd.
China Silver Group Limited is a company incorporated in the Cayman Islands, primarily involved in the manufacturing and retail of silver products. It operates through various segments, including jewellery retail and manufacturing, with a focus on silver and gold products.
YTD Price Performance: 58.33%
Average Trading Volume: 12,843,520
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$936.9M
For detailed information about 0815 stock, go to TipRanks’ Stock Analysis page.