Shenzhen Pagoda Industrial (Group) Corporation Limited's (HKG:2411) Market Cap Dropped HK$431m Last Week; Retail Investors Bore the Brunt

Simply Wall StMar 10 20:54 ET

The stock price has fallen by 80% in a year, has the "fruit king" lost its sales?

Nearly a thousand stores closed in a year.

Gelonghui FinanceFeb 18 05:09 ET

[Profit Warning Stock] PAGODA GP (02411) fell by 2.46% and is expected to turn from a profit to a loss of up to 0.4 billion yuan last year.

Jinwu Financial News | PAGODA GP (02411) issued a profit warning, which affected the stock price performance, dropping over 4.1% during trading. As of press time, it was reported at HKD 1.19, down 2.46%, with a trading volume of HKD 1.9176 million. According to the announcement, compared to the company's profit attributable to owners of approximately RMB 0.362 billion for the fiscal year ending December 31, 2023, the group expects to record a loss attributable to owners of RMB 0.35 billion to RMB 0.4 billion for the fiscal year 2024. Additionally, the group anticipates that the revenue for the fiscal year 2024 will be lower than the group's revenue of RMB 113 in the fiscal year 2023.

Jinwu Financial NewsFeb 3 20:57 ET

Shenzhen Pagoda Industrial: Weak Domestic Consumption, Higher Expenses Weighed on Results >2411.HK

Dow JonesFeb 3 17:17 ET

Shenzhen Pagoda Industrial Sees 2024 Rev to Fall by at Least 15% on Year >2411.HK

Dow JonesFeb 3 17:16 ET

PAGODA GP (02411) issued a performance warning for 2024: Strategic adjustments show operational resilience, and the second half of the year sees a turning point in performance.

On February 3rd, PAGODA GP (02411) issued a performance warning announcement for 2024.

Zhitong FinanceFeb 3 07:08 ET