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Nanjing Sinolife Issues Profit Warning Amid Increased Marketing Costs

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Nanjing Sinolife Issues Profit Warning Amid Increased Marketing Costs

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An announcement from Nanjing Sinolife United Co., Ltd. Class H ( (HK:3332) ) is now available.

Nanjing Sinolife United Co., Ltd. has issued a profit warning, indicating a decrease in net profit for the year ending December 31, 2024, with expected earnings between RMB32.0 million to RMB38.0 million, down from RMB52.6 million in 2023. This decline is primarily due to increased marketing and promotional expenses aimed at long-term brand development. The company’s annual results are still being finalized, and stakeholders are advised to exercise caution when dealing with its securities.

More about Nanjing Sinolife United Co., Ltd. Class H

Nanjing Sinolife United Co., Ltd. is a joint stock limited liability company based in the People’s Republic of China. It operates in the health and wellness industry, focusing on the production and marketing of nutritional supplements and health-related products.

Average Trading Volume: 145,813

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$874.9M

For detailed information about 3332 stock, go to TipRanks’ Stock Analysis page.

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