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An announcement from Yuanda China Holdings Ltd. ( (HK:2789) ) is now available.
Yuanda China Holdings Ltd. has issued a profit warning, expecting a net loss between RMB330 million to RMB370 million for the year ending December 2024, a significant decline from the RMB25.3 million profit in 2023. This downturn is attributed to cautious project undertakings amid weak global economic conditions, exchange losses, and deferred tax reversals. Despite these challenges, the company remains optimistic about future growth, with new project values surpassing RMB3.0 billion in 2024, and plans to continue expanding in 2025. The company also announced a special dividend of HK$0.04 per share, indicating confidence in its financial stability.
More about Yuanda China Holdings Ltd.
Yuanda China Holdings Ltd. operates in the construction industry, focusing on the design, manufacture, and installation of curtain wall systems. The company primarily serves the architectural sector, providing solutions for building exteriors.
Average Trading Volume: 37,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €75.02M
For an in-depth examination of 2789 stock, go to TipRanks’ Stock Analysis page.