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TEXHONG INTL GP (02678.HK) plans to hold a Board of Directors meeting on March 27 to approve the annual performance.
Gelonghui reported on March 14 that TEXHONG INTL GP (02678.HK) announced that a Board of Directors meeting is scheduled for March 27, 2025 (Thursday), to review and approve the consolidated financial statements of the company and its subsidiaries for the year ended December 31, 2024, as well as to consider the payment of a final dividend (if any).
Guosen: Maintain "outperform the market" rating for the textile Outfits Industry. Focus on new highlights of brands and opportunities for undervalued Hong Kong stocks.
Guosen recommends focusing on companies that have the ability to increase their market share and maintain strong medium to long-term growth.
TEXHONG INTL GP (02678.HK) expects its annual net profit to reach 0.58 billion yuan, achieving a turnaround year-on-year.
On January 24, Glorious Exchange reported that TEXHONG INTL GP (02678.HK) announced that for the year ending December 31, 2024, it expects to record a net profit of approximately RMB 0.58 billion, whereas the group recorded a net loss of approximately RMB 0.299 billion for the year ending December 31, 2023. The group expects to record a net profit mainly due to a recovery in market demand in the textile Industry during the year, with both sales volume and capacity utilization rate improving compared to the year ending December 31, 2023, resulting in the gross margin for the products gradually returning to normal levels during that year. In addition, thanks to the group's accumulation...
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