"Profit Warning" - Wanjing Holdings' Profits Decrease, Earning Up to Tens of Millions in the First Half of the Year
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Wanjing Holdings issued a profit warning, expecting a net profit of between 5 million and 10 million yuan for the six months ending in September, compared to 32.7 million yuan in the same period last year. The decrease in net profit is mainly due to a reduction in the certified engineering volume of several construction projects and lower gross profit margins of certain construction projects during the period.
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