Honghua Group Limited has issued a positive profit alert, anticipating significant growth in profitability for the first half of 2025. The company projects that the profit attributable to shareholders will be no less than RMB27 million, a marked improvement from the RMB2.42 million recorded during the same period in 2024. This surge in profit is attributed to enhanced quality and efficiency measures, optimized cost management, and increased gross profit margins, particularly in the fracturing and offshore sectors. Additionally, Honghua Group has successfully reduced financing costs, contributing to the overall financial performance. The company is in the final stages of preparing its interim results, which are based on unaudited management accounts and available information. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Honghua Group Ltd. published the original content used to generate this news brief on July 24, 2025, and is solely responsible for the information contained therein.
