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Ajisen (China) to Swing to 2024 Loss
Ajisen (China): Results Affected by Revaluation Losses >0538.HK
AJISEN (CHINA) (00538.HK) issues a profit warning: It is expected that the net loss in 2024 will not exceed 40 million yuan.
On March 5th, Gelonghui announced that AJISEN (CHINA) (00538.HK), compared to a profit attributable to shareholders of approximately 0.18 billion yuan for the year ending December 31, 2023, is expected to record a loss attributable to shareholders not exceeding 40 million yuan for the year ending December 31, 2024. The Board of Directors believes that the expected loss attributable to shareholders is mainly due to the following reasons: i) Loss on revaluation of investment properties: The group has revalued its investment properties, and due to the property market conditions in Hong Kong and mainland China, a loss on the revaluation of investment properties has been recorded. ii) Dining Business Profit.
Express News | Ajisen (China) Holdings Ltd Sees Loss Attributable of Not More Than RMB40.0 Millions for Year
AJISEN (CHINA): PROFIT WARNING
Hong Kong stocks movement | Dining stocks mostly rose in the morning as the State Council executive meeting discussed measures to boost consumer-related work. Focus on the sector's terminal demand recovering.
Most Dining stocks rose in the morning session. As of the time of writing, JIUMAOJIU (09922) increased by 8.33%, reporting at 3.12 Hong Kong dollars; Hailunsi (09869) rose by 5.26%, reporting at 2.2 Hong Kong dollars; Xiaocaiyuan (00999) increased by 4.21%, reporting at 10.16 Hong Kong dollars; XIABUXIABU (00520) rose by 2.15%, reporting at 0.95 Hong Kong dollars.
