Bawang Group (01338.HK) issued a profit warning, expecting a net profit of approximately RMB 1 million in the first half of 2024, a decrease of about 70% to 80% compared to the same period last year. The negative impact on the net profit margin is attributed to the increased sales and distribution expenses generated by e-commerce and traditional channels.
《盈警》霸王集團(01338.HK)開支增加 上半年少賺逾70%
The Bawang Group (01338.HK) experienced a decrease in earnings of over 70% in the first half of the year due to increased expenses.
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