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7Road Holdings Limited ( (HK:0797) ) has issued an announcement.
7Road Holdings Limited has issued a profit warning, indicating an expected loss of approximately RMB80 million for the year ended December 31, 2024, compared to a profit of RMB3 million for the previous year. This downturn is attributed to a drop in revenue following a significant increase in 2023 due to a new game launch. The company’s cloud computing and related services have been discontinued following the disposal of its subsidiary, Shanghai Lingsu Network Technology Co., Ltd. The final annual results are yet to be finalized and may differ from the preliminary unaudited figures.
More about 7Road Holdings Limited
7Road Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the gaming industry. The company focuses on developing and launching new games, with a significant portion of its revenue previously generated from a major game launched at the end of 2022.
YTD Price Performance: -63.84%
Average Trading Volume: 105,538
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.1B
For an in-depth examination of 0797 stock, go to TipRanks’ Stock Analysis page.