Huai Bei Green Gold Co., Ltd. (02450) issues a profit warning, expecting a mid-term loss attributable to shareholders of approximately 14 million to 20 million yuan.

Zhitong Finance APP News, Huaibei Green Financial Co., Ltd. (02450) announced that it expects the Group to record a loss attributable to the owners of the company of approximately RMB 14 million to RMB 20 million during this period, compared to a loss of approximately RMB 2.8 million attributable to the owners of the company in the same period last year. The losses are primarily due to (i) the further decline in aggregate prices during the reporting period; and (ii) a decrease in sales caused by a sluggish real estate and infrastructure market.