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Yuanda China: FX Losses Among Factors That Weighed on Results>2789.HK
YUANDA CHINA (02789.HK) profit warning: it is expected that the net loss in 2024 will be between 0.33 billion yuan and 0.37 billion yuan.
Gelonghui reported on March 20 that YUANDA CHINA (02789.HK) announced an expected Net income loss of 0.33 billion to 0.37 billion yuan for the fiscal year ending December 31, 2024, a significant decrease from the Net income of 25.3 million yuan recorded for the year ending December 31, 2023. The Board of Directors believes the shift from Net income to Net loss is primarily due to the following factors: i) in the context of a weaker Global macroeconomic environment and unfavorable market conditions in 2024, the group is cautiously taking on projects, resulting in a decrease in revenue and gross profit compared to 2023; ii) due to the renminbi
Express News | Yuanda China - Expected Net Loss of RMB330 Mln to RMB370 Mln for 2024
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