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PM PACKAGING (01820.HK) plans to hold a Board of Directors meeting on March 25 to approve the annual performance.
Gelonghui reported on March 11 that PM PACKAGING (01820.HK) announced that the Board of Directors will hold a meeting on March 25, 2025 (Tuesday) to consider and approve (including) the audited annual performance of the company and its subsidiaries for the year ending December 31, 2024, and its publication, as well as to consider the proposal and distribution of a final dividend (if any).
PM PACKAGING: CLARIFICATION ANNOUNCEMENT
PM PACKAGING (01820.HK) issues a profit warning: anticipates a net loss of no more than 20 million yuan in 2024.
Gelonghui March 5丨PM PACKAGING (01820.HK) announced that, based on the unaudited consolidated management accounts and the preliminary assessment currently available to the Board of Directors for the year ending December 31, 2024, the group is expected to record a net loss not exceeding RMB 20 million, compared to a net profit of approximately HKD 22 million for the year ending December 31, 2023. According to the directors' understanding, the transition from net profit to net loss is primarily due to (i) a decline in product unit prices; and (ii) the new production facilities in Huzhou and Wuhan, which have led to increased operating costs. Despite these circumstances, the Board of Directors expects that it will not impact the group.
Express News | Pacific Millennium Packaging Group Corp - Net Loss Due to Drop in Product Unit Price and Increased Operating Costs in FY
PM PACKAGING: PROFIT WARNING
PM PACKAGING (01820.HK) has signed a new framework agreement with Chongqing Tan Shi.
Gelonghui reported on January 23 that PM PACKAGING (01820.HK) announced that on January 23, 2025, the company entered into a new framework agreement with Chongqing Tanshi, under which Chongqing Tanshi agrees to continue providing Rental & Leasing Services for various machines and equipment necessary for purchasing the group business under the annual upper limit in the new year, with the term starting from February 1, 2025, to December 31, 2027 (inclusive of the start and end dates).
