Joinn Laboratories (China) Warns of Up to 85% Profit Slump in 2024

MT Newswires Live

2025/01/27

Joinn Laboratories (China) (HKG:6127, SHA:603127) expects a net profit attributable to shareholders of around 58.7 million yuan and 88.0 million yuan for 2024, representing a between 77.8% to 85.2% year-over-year decline.

The drug developer attributed the forecast to lower gross profit margins and the decrease in the market price of biological assets held by the company, a Friday Hong Kong bourse filing said.

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