
"Profit Warning" CDAYENONFER forecasts a loss of 6 million RMB in the first half of the year
CDAYENONFER (00661.HK) issued a profit warning, expecting a loss of approximately 6 million RMB for the six months ending in June, compared to a profit of 148 million RMB in the same period last year. Revenue is approximately 29.306 billion RMB, expected to decrease by 10.7%. In the first half of the year, due to the dual effects of accelerated release of domestic and foreign smelting capacity and tight supply of copper concentrate, smelting processing fees continued to operate at low levels, leading to a decrease in product output, which resulted in reduced revenue and narrowed profit margins
