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China-HK Photo (01123.HK) plans to hold a board of directors meeting on November 25 to approve the interim performance.
Glory11 announced that the china-hk photo (01123.HK) announced that the board of directors will hold a board meeting on November 25, 2024 (Monday) to consider and approve the interim performance report for the six months ending September 30, 2024, and to declare interim dividends (if any), as well as to deal with other matters.
China-hk photo (01123.HK) expects the mid-term net profit to drop by up to 7.5 million yuan annually in "profit warning".
China-HK photo (01123.HK) expects net profit for the six months ended September 30, 2024 to be no more than 7.5 million yuan, while net profit for the same period last year was about 28.7 million yuan. The board of directors believes that the decrease in profit for this period compared to the same period last year is mainly attributed to a decline in consumer sentiment leading to a decrease in revenue and gross profit; inability to obtain income tax exemptions; impairment losses on financial assets due to uncertainty in recovering trade receivables from a customer; and impairment losses on property, plant, and equipment, as well as right-of-use assets.
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