Jinwu Financial News | Huazhong Auto (06830) issued a profit warning. The Group expects to record a net profit of approximately RMB 56 million for the year ended December 31, 2023, and a net profit of approximately RMB 117 million for the year ended December 31, 2022.
Based on the information available to the Board, the Board believes that the expected decrease is mainly due to a decrease in other revenue and revenue, as well as an increase in R&D expenses.