Summary by Moomoo AI
China Highprecision Automation Group Limited ("China Highprecision") has issued a profit warning, announcing that it will incur a net loss for the year ending June 30, 2024, ranging from RMB 30 million to 34 million. This loss is related to the decline in the Chinese property market, resulting in a fair value loss of approximately RMB 72 million on investment properties. The company reminds shareholders and potential investors that the disclosed financial data is preliminary and unaudited. China Highprecision is currently conducting the compilation and finalization of the annual performance, so investors should proceed with caution when buying and selling shares. The announcement was issued by Chairman Huang Xunsong on September 20, 2024.
