Hainan Haide Capital Management (SHE:000567) projects an up to 72% drop in 2024 profit amid marginal growth in the invested business, absence of new real estate projects and credit impairment provisions.
The asset manager expects attributable net profit to range between 240 million yuan and 360 million yuan in 2024, down from 879.9 million yuan the previous year, according to a filing with the Shenzhen bourse.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments