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Chanjet Information Technology Co., Ltd. Class H ( (HK:1588) ) just unveiled an update.
Chanjet Information Technology Co., Ltd. announced a positive profit alert, expecting a profit of RMB31.00 million to RMB37.00 million for the first half of 2025, marking a significant turnaround from a loss in the same period last year. This improvement is attributed to the company’s strategic emphasis on cloud services, leading to increased revenue and a rise in new paying enterprise users by 17%, alongside efficient operations and a fair value gain on investments.
The most recent analyst rating on (HK:1588) stock is a Buy with a HK$11.88 price target. To see the full list of analyst forecasts on Chanjet Information Technology Co., Ltd. Class H stock, see the HK:1588 Stock Forecast page.
More about Chanjet Information Technology Co., Ltd. Class H
Chanjet Information Technology Co., Ltd. is a company based in the People’s Republic of China, focusing on the cloud service industry. It provides cloud subscription services, which have become a significant part of its revenue, with a market focus on enterprise users.
Average Trading Volume: 82,783
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.6B
See more insights into 1588 stock on TipRanks’ Stock Analysis page.