TEAMWAY INTL GP (01239) issues profit warning, expecting annual shareholders' loss to increase by approximately 20% to 30% year-on-year.

date
17:42 12/03/2025
avatar
GMT Eight
TEAMWAY INTL GP(01239) announces that the group is expected to achieve by the end of 2024...
TEAMWAY INTL GP (01239) announced that the Group is expected to incur a loss attributable to owners of the Company for the year ending December 31, 2024, of approximately RMB 68.3 million, representing an increase of approximately 20% to 30% compared to the loss for the year ending December 31, 2023. This expected increase is primarily due to a decrease in sales of packaging products and structural components due to weakened customer demand, as well as a decrease in gross profit margin due to the diminishing economies of scale associated with the lack of competitive advantage in batch production.