SHINEROAD INTL issued a profit warning, expecting the annual profit attributable to shareholders to be no more than HKD 44 million, an increase of approximately 110% year-on-year
SHINEROAD INTL expects that the annual profit attributable to shareholders for the year ending December 31, 2024, will not exceed HKD 44 million, an increase of approximately 110% compared to HKD 20.25 million for the same period in 2023. The increase is mainly attributed to a higher proportion of sales from high-margin products, a decrease in labor costs, transportation and storage costs, as well as a significant reduction in the impairment of accounts receivable
According to the announcement from SHINEROAD INTL (01587), it is expected that the profit attributable to shareholders for the year ending December 31, 2024, will not exceed RMB 44 million, representing an increase of approximately 110% compared to the profit attributable to shareholders of RMB 20.25 million for the year ending December 31, 2023. The board of directors believes that this increase is mainly due to: an increase in the proportion of high-profit product sales; a decrease in labor costs, transportation, and warehousing costs; and a significant reduction in the impairment of accounts receivable
