Huabao International to Swing to Loss in 2024

MT NewswiresJan 27 14:20

HUABAO INTL (00336.HK) subsidiary Huabao Flavours & Fragrances warned of a loss of at least 0.26 billion RMB last year.

HUABAO INTL (00336.HK) announced that its subsidiary Huabao Flavours & Fragrances (300741.SZ) issued a profit warning, expecting a loss of between 0.26 billion and 0.39 billion RMB for the fiscal year 2024, compared to a profit of 0.379 billion RMB last year. The reasons include changes in customer demand, adjustments in procurement policies, and factors affecting independent fragrance development, leading to a decline in revenue.

AASTOCKSJan 26 21:03

HUABAO INTL (00336.HK) expects an annual pre-tax loss of 0.305 billion to 0.455 billion yuan.

On January 24, Gulonghui reported that HUABAO INTL (00336.HK) announced that the company expects to record a pre-tax loss of between RMB 0.305 billion and RMB 0.455 billion for the year ending December 31, 2024 (including non-cash impairment of goodwill and other assets, as well as other provisions), while the same period last year recorded a pre-tax profit of approximately RMB 0.416 billion. The pre-tax loss for this year is mainly due to: 1) the flavor and food ingredients business's smoke flavor asset group is expected to record a goodwill impairment loss of approximately RMB 0.48 billion to RMB 0.53 billion; 2) other goodwill (including regenerated tobacco leaves) and asset impairment.

Gelonghui FinanceJan 24 19:41

HUABAO INTL: INSIDE INFORMATION ANNOUNCEMENT ON THE PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024 OF HUABAO FLAVOURS & FRAGRANCES CO., LTD.

HKEXJan 24 19:34 · Announcements

Behind the doubling of Smoore's sales in a year, has the e-cigarette market improved again?

Last year, there were only a few companies in the Hong Kong stock market that doubled in value, mostly those with significantly improved fundamentals. These stocks generally had previously unfavorable market expectations, and as concerns were invalidated, they rebounded substantially from the bottom. The electronic cigarette Industry has also been quiet for a long time. After the restructuring of the electronic cigarette market in 2022, domestic demand has remained depressed, and most companies in the Industry inevitably experienced performance declines. Even today, most companies have still not been able to regain growth. Under this premise, last year, $SMOORE INTL (06969.HK)$ successfully doubled its value.

YY HK StocksJan 3 19:37

Huabao International Bags Nearly 40 Million Yuan Worth of Orders From Associate

MT NewswiresJan 3 19:08