Grand Baoxin (01293.HK) issued a profit warning, expecting a loss of no more than 0.1 billion yuan for the six months ending in June compared to a surplus of 0.324 billion yuan in the same period last year. The main reason is the downgrading of market consumption and the intensified competition in the industry, with major manufacturers engaging in a price war to seize market share, resulting in a decline in the company's sales volume and gross margin for new cars.
《盈警》廣匯寶信(01293.HK)估計上半年轉虧不多於1億人民幣
Grand Baoxin (01293.HK) is estimated to have a loss of no more than 0.1 billion yuan in the first half of the year according to 'Winning Warning'.
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