Huayu Expressway Group Limited ( (HK:1823) ) just unveiled an update.
Huayu Expressway Group Limited has issued a profit warning, indicating a significant decline in revenue and a shift from profit to loss for the year ending December 2024. The company’s revenue is expected to decrease to approximately RMB188.2 million to RMB208.0 million, compared to RMB407.1 million in 2023, primarily due to a substantial decrease in wine and liquor sales amid a contracting consumer market in the PRC. This downturn highlights challenges in the consumer goods sector and may impact stakeholders’ confidence.
More about Huayu Expressway Group Limited
Huayu Expressway Group Limited is a company incorporated in the Cayman Islands, primarily engaged in the infrastructure and consumer goods sector, with a focus on the sales of wine and liquors in the PRC market.
YTD Price Performance: -11.32%
Average Trading Volume: 103,913
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$193.9M
For a thorough assessment of 1823 stock, go to TipRanks’ Stock Analysis page.