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<Warning> CIMC Group (02039.HK) Expects 1Q Net Profit to Fall 58.8%-69.8%
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CIMC Group (02039.HK) issued a profit warning, estimating that net profit attributable to shareholders for the three months ended March will range between RMB164 million and RMB224 million, compared with RMB544 million in the same period last year, representing a decline of 58.8%-69.8%. The earnings decline was mainly attributable to the continued impact of uncertainties in international trade policies and the normalization of industry demand, leading to decreases in both volume and price in the Group's container manufacturing business. In addition, exchange losses arising from the Group's USD monetary assets and foreign currency revenue exposure increased significantly. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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