Summary by Moomoo AI
HAI FENG INTERNATIONAL HOLDINGS LIMITED (SITC) ISSUED A PROFIT WARNING ON JANUARY 19, 2024, EXPECTING UNAUDITED PROFIT TO FALL BY APPROXIMATELY 73% TO $530 MILLION IN 2023. The company noted that container shipments decreased by about 1% compared to the previous year, and average shipping costs decreased by about 43%. In addition, despite the challenges of global economic trade adjustment, transportation capacity enhancement and industry competition, Hai Fung International maintains its differentiated and low-cost strategy to maintain profitability. The company remains confident in the future of providing low-carbon, environmentally friendly and high-quality supply chain services. Shareholders and potential investors should note that the profit warning data has not been reviewed or reviewed by the auditor or audit committee and should pay attention to the company's annual results announcement due March 2024.