Avic Industry-Finance Holdings (SHA:600705) expects to incur a loss attributable to the parent of about 48 million yuan in 2024, according to a Shanghai Stock Exchange disclosure on Saturday.
The Chinese finance services company will swing from the year-ago profit of 290.2 million yuan or 0.03 yuan per share.
The company said its operating income, and fee and commission income decreased amid multiple factors. The overall asset price was also under pressure due to external macroeconomic factors.
The company's shares dropped more than 7% in recent trade.
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