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China Aerospace Times Electronics CO., LTD.'s (SHSE:600879) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
China Aerospace (00031.HK) mid-term revenue of 1.825 billion Hong Kong dollars increased by 5.26% year-on-year
Grace Glory reported on August 27 that China Aerospace Holdings (00031.HK) announced that as of the six months ending June 30, 2024, the unaudited revenue of the company and its subsidiaries was HK$1.825 billion, an increase of 5.26% compared to the same period in 2023; the net loss for this period was HK$59.093 million, while the net profit for the same period in 2023 was HK$55.065 million, resulting in a loss for this period. The loss per share is 0.93 cents. Faced with the continuous decline in overseas markets, the board of directors and management are working together to lead the industrial enterprise to continue its efforts in the ever-changing environment, and deeply study market demands and trends.
航天控股:2024年中期業績公告
China Aerospace Anticipates H1 2024 Loss
China Aerospace (00031.HK) issued a profit warning: It is expected to have a net loss of HKD 40 million to HKD 70 million in the first half of the year.
China Aerospace (00031.HK) announced that it is expected to record a net loss of approximately HKD 40 million to HKD 70 million for the six months ending on June 30, 2024, compared with a net profit of HKD 55.065 million in the same period of 2023, resulting in a loss. The expected revenue for this period is approximately HKD 1.8 billion, an increase of about 5% compared to the revenue of HKD 1.734 billion in the same period of 2023. The main reason for the change from profit to loss in this period is the significant loss recorded due to the change in fair value of investment properties.
Express News | China Aerospace International Sees Hy Revenue of HK$1.8 Bln
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