Summary by Moomoo AI
Qin Tong Laminate Holdings Limited (“Qin Tong Laminate”) issued a profit warning, forecasting a net profit of at least HK$8.6 billion for the year ended 31 December 2023, a decrease of no more than 55% compared to the same period in 2022. The company noted that although sales of copper clad panel products increased throughout 2023, profits were still recorded as the unit price of market sales fell. This forecast is based on preliminary estimates and unaudited management accounts and detailed annual results will be published by the end of March 2024 in accordance with listing rules.