Shenzhen Huaqiang Industry (SHE:000062) projected an up to 64% drop in 2024 profit amid weak demand, oversupply in the electronics industry and impairment provisions of up to 345 million yuan.
The transaction services provider expected attributable net profit to range between 166.5 million yuan and 221.3 million yuan in 2024, down from 467.4 million yuan the previous year, according to a filing with the Shenzhen bourse.
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