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The Three-year Underlying Earnings Growth at Prinx Chengshan Holdings (HKG:1809) Is Promising, but the Shareholders Are Still in the Red Over That Time
Prinx Chengshan Holdings Forecasts Up to 160% Surge in H1 Profit
Prinx Chengshan Forecasts Major Profit Surge
Prinx Chengshan (01809.HK) Profit Express: Expected mid-term net profit of 0.752 billion yuan to 0.85 billion yuan, a year-on-year increase of about 130% to 160%.
On July 19th, GeLongHui reported that Prinx Chengshan (01809.HK) expects the company's attributable net profit for the six months ending on June 30, 2024 to be between approximately RMB 0.752 billion and RMB 0.85 billion, an increase of about 130% to 160% compared to the same period last year. According to information available to the Board of Directors, the Board believes that the significant increase in expected net profit from the same period last year is mainly due to the growth of the domestic auto industry's production and sales, steady growth in demand for overseas tire markets, and the refund of anti-dumping duties on passenger vehicles and light truck tires originating from Thailand.
Express News | Prinx Chengshan - Expected Result Due to Growth in Production and Sales of Domestic Automobile Industry, Others
Express News | Prinx Chengshan Sees Profit Attributable for Six Months Will Be in Range of RMB752 Mln to RMB850 Mln
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