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Hong Kong Stock Market News: Helen Science and Technology (09869) fell more than 5%, hitting a new low. Net profit for the first half of the year is expected to be halved. The new model is still in its early stages.
Helen's (09869) fell more than 5%, hitting a historic low of HKD 1.8. As of press time, it was down 5.21% at HKD 1.82, with a turnover of HKD 2.4079 million.
[Brokerage Focus] Sinolink downgraded Helen's (09869) to 'shareholding' rating, expecting greater pressure on its first-half performance. The new model is still in its early stages of development.
Sinolink Securities issued a research report stating that Hailunsi (09869) announced its 2024 interim results, with an expected revenue of 4.3-0.45 billion yuan in 1H24, a year-on-year decrease of -39.4%~-36.6%. Net profit is expected to be 67-740 million yuan, a year-on-year decrease of -57.5%~-53.0%. After adjustment, the net profit is expected to be 87.2-95.2 million yuan, a year-on-year decrease of -50.8%~-46.3%. The bank believes that the pressure on the company's revenue performance in the first half of the year is mainly due to: 1) relatively high performance base in 1H23 (high proportion of direct stores, higher sales base for single stores); 2) affected by external environmental changes, 1
Helens International Forecasts Decreased Revenue in H1
Helens International Projects Profit Dip, Adapts Strategy
Hailan Home (09869.HK) expects a decrease of about 36.6% to 39.4% in mid-term revenue.
On August 2, Glorious Sun Financial Holdings Limited (09869.HK) announced that (i) the company expects its revenue for the six months ending June 30, 2024 to be in the range of RMB 0.43 billion to RMB 0.45 billion, a decrease of approximately 36.6% to 39.4% from the revenue for the six months ending June 30, 2023; and (ii) the Group is expected to record a net income in the range of RMB 67.0 million to RMB 74.0 million for the six months ending June 30, 2024, while the net income for the six months ending June 30,2023 was approximately RMB 157.5 million.
Express News | Helens International Sees Revenue of RMB430 Mln to RMB450 Mln for Six Months
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