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HUAIBEI GD CO: 2024 INTERIM REPORT
haitong sec: Pressure has emerged in the construction industry, looking forward to policy changes.
haitong sec released research reports stating that industry pressure has already emerged, awaiting policy changes.
HUAIBEI GD CO: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2024
"Profit Warning": Huai Bei Lvgolden Chemical Co., Ltd. (02450.HK), the average product price has decreased, and it is expected to report losses.
Huai Bei Lu Jin shares (02450.HK) issued a profit warning, expecting a loss of between 6 million and 13 million RMB for the six months ending in June compared to a surplus of 16.4 million RMB in the same period last year. This is mainly due to the average selling price of the group's aggregate products, other products, and concrete products decreased, and sales volume decreased during this period.
Huai Bei Lvjing Shares (02450.HK) is expected to have a mid-term loss of about 6 million to 13 million yuan.
On August 20th, GeLongHui reported that HuaiBei Green Gold (02450.HK) expects to record a net loss attributable to shareholders of approximately RMB 6M to RMB 13M for the six months ended June 30, 2024, compared to a net profit attributable to shareholders of approximately RMB 16.4M for the same period last year. The main reason for the loss is (i) the average selling price of the group's (a) materials products and others and (b) concrete products decreased compared to the same period last year; and (ii) the group's (a) materials products and others and (b) concrete products.
HUAIBEI GD CO: PROFIT WARNING
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