China MeiDong Auto (HKG:1268) expects to record an attributable loss of at least 800 million yuan in the first half of 2025, widening from 30 million yuan a year prior, a late Wednesday Hong Kong bourse filing said.
Shares of the passenger vehicle company were down 1% in Thursday afternoon trading.
The firm attributed the forecast to the lower domestic consumption power, supply and demand imbalance of passenger vehicles, and intensifying price wars.
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