Stock Track | HUABAO INTL Soars 7.90% Intraday on Reduced Loss Expectations
Stock Track
Jan 30
HUABAO INTL's stock price soared 7.90% during intraday trading on Friday, marking a significant upward movement for the company's shares.
The surge appears to be driven by the company's improved financial outlook, as HUABAO INTL recently announced it expects a pre-tax loss for the fiscal year ending December 31, 2025, that represents a 15% to 35% reduction compared to the previous year's loss.
While the company still anticipates recording a pre-tax loss, the substantial decrease from approximately RMB 402 million to a range of RMB 263 million to RMB 343 million signals improved financial performance, which investors seem to be responding to positively.
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