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RUICHANG INTL (01334.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
Gelonghui, March 18丨RUICHANG INTL (01334.HK) announced that the Board of Directors will hold a meeting on March 28, 2025 (Friday) to (including but not limited to) (i) consider and approve the annual performance announcement of the company and its subsidiaries for the fiscal year ending December 31, 2024, and its publication; and (ii) consider the proposal to pay a final dividend (if any).
RUICHANG INTL (01334.HK) issues a profit warning: expects net profit in 2024 to decrease by approximately 81.3% year-on-year.
On March 13, Gelonghui reported that RUICHANG INTL (01334.HK) announced that the group expects to record a net profit of no less than RMB 10.3 million for the year ending December 31, 2024, while for the year ending December 31, 2023, a net profit of approximately RMB 55.2 million was recorded, representing a decrease of about 81.3% in net profit. The expected annual net profit decrease is mainly due to (i) considering the reduced demand in the downstream market and the slowdown in capital investment in the oil refining and petrochemical Industry, related customers have temporarily delayed several major sales Orders, leading to a decline in the group's product sales, which in turn affects the group's total revenue for the year.
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