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Zhonggan Communications issued a profit warning, expecting the profit attributable to Shareholders for the fiscal year 2024 to decrease by no less than approximately 85%.
Zhonggan Communications (02545) announced that it expects the profit attributable to owners of the company for the year ending December 31, 2024, to be no more than approximately 10 million yuan, compared to approximately 68.6 million yuan for the year ended December 31, 2023, representing a decrease of no less than approximately 58.6 million yuan or 85%. The Board of Directors believes that the expected decrease in profit attributable to owners of the company is mainly due to a reduction in the number of digital solution service projects compared to last year, leading to a decrease in revenue and gross profit; anticipated increases in credit loss provisions for this year; and for this year.
Zhonggan Communication's Profit to Plunge Up to 85% in 2024
Zhonggan Communications (02545.HK): The net profit for the year 2024 is expected to be no more than approximately 10 million yuan.
On March 7, Glonghui reported that China Gan Communications (02545.HK) announced that for the year ending December 31, 2024, it is expected that the profit attributable to the owners of the company will not exceed approximately RMB 10 million. Compared to the profit attributable to the owners for the year ending December 31, 2023, which was about RMB 68.6 million, this represents a decrease of no less than approximately RMB 58.6 million or 85%. The Board of Directors believes that the reduction in the expected profit attributable to the owners of the group is mainly due to (i) a decrease in the number of digital solution service projects compared to last year, resulting in a reduction in revenue and gross profit.
Express News | Zhonggan Communication Sees Profit Attributable Not More Than RMB10.0 Mln for Year
ZHONGGAN COMM: PROFIT ALERT
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