Yuanda China: FX Losses Among Factors That Weighed on Results>2789.HK

Dow JonesMar 21 06:23

Yuanda China Sees 2024 Loss CNY330.0M-Loss CNY370.0M >2789.HK

Dow JonesMar 21 06:23

Yuanda China Expects to Swing to Loss for 2024>2789.HK

Dow JonesMar 21 06:23

The profit warning from YUANDA CHINA (02789.HK) forecasts a loss of at least 0.33 billion RMB last year.

YUANDA CHINA (02789.HK) issued a profit warning, estimating a loss between 0.33 billion and 0.37 billion RMB in 2024 compared to a net profit of 25.3 million RMB in the previous year. This is mainly due to the group's prudent project undertakings, resulting in a decrease in revenue and gross profit; fluctuations in the RMB Exchange Rates, leading to an exchange loss in 2024; and the tax implications of confirming the reversal of deferred tax.

AASTOCKSMar 21 01:42

YUANDA CHINA (02789.HK) profit warning: it is expected that the net loss in 2024 will be between 0.33 billion yuan and 0.37 billion yuan.

On March 20, Gelonghui reported that YUANDA CHINA (02789.HK) expects a net loss of 0.33 billion yuan to 0.37 billion yuan for the fiscal year ending December 31, 2024, a significant decrease compared to the net income of 25.3 million yuan recorded for the year ending December 31, 2023. The Board of Directors believes that the group's transition from net income to net loss is mainly due to the following factors: i) the weak global macroeconomic environment and unfavorable market conditions in 2024 led the group to cautiously undertake projects, resulting in a decline in revenue and gross profit compared to 2023; ii) due to the Renminbi...

Gelonghui FinanceMar 20 22:44

YUANDA CHINA: PROFIT WARNING

HKEXMar 20 22:38 · Announcements