ZHIXIN GP HLDG issued a profit warning, expecting an annual net loss of approximately 70 million yuan, turning from profit to loss year-on-year
ZHIXIN GP HLDG issued a profit warning, expecting a net loss of approximately HKD 70 million for the year ending December 31, 2024, compared to a net profit of HKD 10.1 million for the same period in 2023. The loss is mainly attributed to the ready-mixed concrete and precast concrete components business, while the net profit from the iron ore tailings recycling business partially offset the overall loss
According to the Zhitong Finance APP, ZHIXIN GP HLDG (02187) announced that it expects the group to incur a net loss of approximately RMB 70 million for the year ending December 31, 2024, while the net profit for the year ending December 31, 2023, was approximately RMB 10.1 million. The loss is mainly attributed to the net loss from the group's operations in ready-mixed concrete and precast concrete components. The overall loss was significantly offset by the net profit from the group's iron ore tailings recovery business this year
