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AI X Tech Inc. Issues Profit Warning for FY2024

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AI X Tech Inc. Issues Profit Warning for FY2024

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An update from Cheshi Technology Inc. ( (HK:1490) ) is now available.

AI X Tech Inc., a company incorporated in the Cayman Islands, has issued a profit warning for the fiscal year 2024. The company anticipates a significant decrease in net profit, expecting to report between RMB2 million to RMB4 million, compared to RMB41.4 million the previous year. This decline is attributed to reduced revenue from its online advertising business and increased spending on self-media channel promotions. The final results are yet to be audited, and shareholders are advised to exercise caution.

More about Cheshi Technology Inc.

YTD Price Performance: 26.47%

Average Trading Volume: 353,916

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$248.2M

For a thorough assessment of 1490 stock, go to TipRanks’ Stock Analysis page.

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