Summary by Moomoo AI
Asia Cement (China) has issued a profit warning, anticipating an unaudited loss attributable to equity holders of approximately RMB 0.2637 billion for the year ending December 31, 2024, compared to a profit of approximately RMB 0.1061 billion for the same period in 2023. The Board of Directors stated that the performance shifted from profit to loss mainly due to a significant decline in the group’s product selling prices compared to the same period last year. The company emphasizes that this performance forecast is based on the management's preliminary assessment of the current information available and has not been reviewed or audited by the company’s auditors, so the actual performance may differ from the forecast. The company is expected to release the audited consolidated performance announcement for the year 2024 by the end of March 2025.
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