Summary by Futu AI
HUA RUNJIAN MATERIALS TECHNOLOGY HOLDINGS LIMITED (“HUA RUNJIAN MATERIALS TECHNOLOGY”) ISSUED A PROFIT WARNING ON JANUARY 19, 2024, AND FORECAST THAT OWNER-OCCUPIER EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2023 WOULD DECREASE BY APPROXIMATELY 58% TO 67% COMPARED TO THE PREVIOUS YEAR. The company cited the main reasons for the decline in profit included lower product sales prices, lower sales volumes and a one-off gain of HK$239,100,000 from the sale of a subsidiary in 2022. The forecast is based on the Board's preliminary assessment of the unaudited consolidated management accounts and other existing information and may be further adjusted based on audit results. The Company will make further announcements based on the actual results announcement and the specific financial information in the Annual Report and as appropriate. Shareholders and potential investors should treat the relevant share transactions with caution.