Jiantao Laminate (01888) is now down nearly 6%. As of press release, it is down 5.54% to HK$4.76, with a turnover of HK$8.913,800.
The Zhitong Finance App learned that Jiantao Laminated Board (01888) has now fallen by nearly 6%. As of press release, it is down 5.54% to HK$4.76, with a turnover of HK$8.913,800.
According to the news, Jiantao Laminate previously issued a profit warning. It is expected to record a net profit of no less than HK$860 million for the year ending December 31, 2023, a decrease of no more than 55% compared to the same period in 2022. It is reported that the company will announce its annual results on March 18.
According to the announcement, for the year ended December 31, 2023, despite intense market competition for copper-clad panel products, the Group's sales volume for the full year of 2023 could still increase compared to the full year of 2022, but the Group's profit declined mainly due to falling market sales unit prices.