Summary by Moomoo AI
China Jinmao Holdings Group Co., Ltd. (China Jinmao) released a positive profit forecast on August 16, 2024, expecting a significant increase of about 130% in net profit for the six months ending June 30, 2024, compared to the same period in 2023. This significant growth is mainly attributed to the company's continuous promotion of lean management, effective cost control, resulting in significant decreases in administrative expenses, sales and marketing expenses, and financing costs during this period. The forecast is based on the company's unaudited management accounts preliminary evaluation, and detailed mid-term performance will be disclosed by the end of August 2024. Chairman of the Board of Directors of the company, Zhang Zengen, reminds shareholders and potential investors to act prudently when trading shares.