NANFANG COMM (01617) Issues Profit Alert, Expects Interim Net Profit and Comprehensive Income to Rise to Approximately RMB 25-30 Million Year-on-Year

Stock News
Aug 21

NANFANG COMM (01617) announced that the group expects to achieve unaudited net profit and comprehensive income of approximately RMB 25 million to RMB 30 million for the six months ended June 30, 2025, compared to unaudited net profit and comprehensive income of approximately RMB 5.5 million for the same period last year. According to the announcement, the improvement in interim results was mainly attributable to the following factors: 1. A decline in the proportion of raw material costs leading to reduced sales costs and driving up gross profit margin; and 2. An increase in fair value gains on financial assets denominated in foreign currencies.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10