Baiguo Yuan's stock price fell to 1 Hong Kong dollar, hitting a historic low, and is expected to turn from profit to loss in the 2024 fiscal year.

On February 5th, Golden Ten Data reported that Baiguoyuan Group (2411.HK) opened low and fell throughout the day, with a drop of more than 13% to HK$1 at one point, reaching a new historical low in stock price with a market capitalization of HK$1.54 billion. Baiguoyuan announced that the expected profit attributable to owners for the 2023 fiscal year is approximately RMB 361.74 million, while the expected loss attributable to owners for the 2024 fiscal year is estimated to be between RMB 350 million and RMB 400 million.

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