Tsinghua Tongfang (SHA:600100) expects to post a net loss attributable to shareholders of between 2.5 billion yuan and 2.95 billion yuan in the first half, reversing a year-ago profit of 28.17 million yuan, according to a Shanghai bourse filing on Tuesday.
The information technology company attributed the forecast to rising tariffs and weakened demand, among other factors.
The company's shares dropped over 2% in recent trade.
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