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LUYUAN GP HLDG (02451.HK) profit warning: it is expected that the Net income for the year 2024 will decrease by no more than 30%.
On February 24, Gelonghui reported that LUYUAN GP HLDG (02451.HK) announced that for the financial year ending December 31, 2024 (“this year”), the group expects net income to decline by no more than 30% compared to the financial year ending December 31, 2023. The announcement stated that the decline is primarily due to (i) the impact of share-based payment expenses arising from the company's share awards; (ii) as the group is committed to supporting its distributors and optimizing its product mix to cope with intense market competition, the average selling price of each electric vehicle has decreased, resulting in a reduction in gross profit; and (iii) research and development.
Express News | Luyuan Group Holding Cayman - Expected to Record Decrease of Not More Than 30% in Net Profit for Year
LUYUAN GP HLDG: PROFIT WARNING
LUYUAN GP HLDG (02451) granted 5.358 million shares as incentive.
LUYUAN GP HLDG (02451) announced that on January 20, 2025, the Board of Directors resolved to proceed with the initial public offering...
【Brokerage Focus】CITIC SEC indicates that the final draft of the new national standards for the two-wheeler industry has been officially released, and leading enterprises are accelerating the expansion of their market share.
Jingwu Financial News | CITIC SEC stated that on January 13, the "Safety Technical Specification for Electric Bicycles" (GB 17761—2024), which is the official draft of the new national standard for two-wheeled vehicles, will be implemented. This official draft continues the focus on safety for two-wheeled vehicles from the consultation draft released in September 2024, increasing safety requirements by controlling plastic parts and focusing on Battery safety. At the same time, this document further promotes the practicality of the standards, relaxes the weight restrictions on two-wheeled vehicles, and optimizes positioning requirements; the transition period for manufacturers will end on September 1, 2025, and the transition date for sales will be December 1, 2025.
LUYUAN GP HLDG (02451.HK) spent 0.8949 million HKD to repurchase 0.1225 million shares on December 31.
Gelonghui, December 31: LUYUAN GP HLDG (02451.HK) announced that on December 31, it spent 0.8949 million HKD to buy back 0.1225 million shares, with a repurchase price of 7.19-7.5 HKD per share.
