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Natural Food International Forecasts Up to 28% Higher Profit for 2024; Shares Up Over 7%
Announcement Highlights｜BYD completes the Listed in Hong Kong placement with a net financing of over 43 billion Hong Kong dollars; Kanzhun's net profit in Q4 increased by 34.1% year-on-year.
YUE YUEN IND's Net income in 2024 increased by 42.85% year-on-year; Q TECH's camera module sales in February were 23.91 million units, a decrease of 33.4% month-on-month, while fingerprint recognition module sales increased by 153.7% year-on-year.
NATURAL FOOD IH (01837.HK) expects annual net profit growth of approximately 18% to 28%.
On March 11, 2023, Gelonghui reported that NATURAL FOOD IH (01837.HK) announced a strategic adjustment in one of its important retail channels. Based on the company's preliminary estimates, a total of 210 offline counters under that channel may be closed by 2025, and it is expected that the group's total revenue for the fiscal year 2025 will decrease by approximately 50 million to 80 million RMB accordingly. The group expects that the net profit for the year ending December 31, 2024, will be between approximately 180 million and 194 million RMB, compared to a net profit of about 152 million RMB in the same period of 2023.
Express News | Natural Food International Holding Ltd - 210 Offline Concessionary Counters May Close in 2025
Express News | Natural Food International - Expected Revenue Decline of RMB50 Mln to RMB80 Mln in 2025
NATURAL FOOD IH: INSIDE INFORMATIONBUSINESS UPDATEANDPOSITIVE PROFIT ALERT
