JiaChen Warns of Swing to Loss in H1

MT Newswires Live

08/21

JiaChen Holding Group (HKG:1937) said it expects to swing to loss in the first half of 2025, according to a Hong Kong bourse filing Wednesday.

The firm is expecting at least 1 million yuan in losses, compared with a profit of 9 million yuan in the prior year.

Revenue is expected to decrease at least 20% year-on-year from 108.7 million yuan in the corresponding period of 2024.

The company's financial results are due Aug. 27.

The maker of floor products gained nearly 2% in afternoon trade Thursday.

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