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Sichuan Baicha Baidao Industrial Co., Ltd. Class H ( (HK:2555) ) has issued an update.
Sichuan Baicha Baidao Industrial Co., Ltd. has issued a profit warning for the year 2024, anticipating a significant decrease in net profit compared to 2023. The decline is attributed to changes in consumer habits, increased policy support for franchisees, and heightened marketing expenses. Despite this, the company maintains a stable operation with sufficient cash reserves and remains confident in its long-term growth prospects, leveraging its competitive advantages in R&D and brand influence.
More about Sichuan Baicha Baidao Industrial Co., Ltd. Class H
Sichuan Baicha Baidao Industrial Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. The company operates within the industrial sector and engages in various business operations both domestically and overseas, focusing on product research and development, supply chain management, and digital capabilities.
YTD Price Performance: -3.12%
Average Trading Volume: 2,478,025
Technical Sentiment Consensus Rating: Strong Sell
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