YUANDA CHINA issues a profit warning, expecting an annual net loss of 330 million to 370 million yuan
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YUANDA CHINA issued a profit warning, expecting a net loss of between RMB 330 million and RMB 370 million for the year ending December 31, 2024, a significant decline compared to the net profit in 2023. The main reasons include a weak global macroeconomic environment, cautious project undertakings leading to a decrease in revenue, and foreign exchange losses caused by fluctuations in the RMB exchange rate. Nevertheless, the board remains optimistic about future development, with the total value of new projects undertaken in 2024 already exceeding RMB 3 billion, and will continue to monitor market changes to enhance business resilience
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