China Highprecision (00591.HK) announced on September 20th that the group's net loss for the fiscal year ending June 30, 2024 is expected to be RMB 30,000,000 to RMB 34,000,000, while a net loss of approximately RMB 22,700,000 is recorded for the six months ending June 30, 2023. This is mainly attributed to the fair value loss of the group's investment properties in China, which is approximately RMB 7,200,000, due to the downturn in the Chinese property market during the year.
中国高精密(00591.HK)盈警：预期年度净亏损3000万至3400万元
c highprecision (00591.HK) profit warning: expected annual net loss of 30 million to 34 million yuan.
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