Shanghai Chicmax Shares Collapse After Steep H1 Profit Warning
Shanghai Chicmax Cosmetic Co Ltd plunged sharply after notifying investors that first-half profit could decline by as much as 78%, citing weaker sales alongside higher research, development and promotional expenditures. The share price slid to HK$21.54, touched a 52-week low intraday, and has fallen roughly 80% from its 52-week peak amid a broader …