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An announcement from Chervon Holdings Limited ( (HK:2285) ) is now available.
Chervon Holdings Limited reported strong financial performance for the first half of 2025, with an 11.9% increase in revenue to US$912.4 million and a 54.6% rise in net profit. The growth was driven by robust sales of high-margin EGO products, favorable exchange rates, and a non-recurring gain from the disposal of a subsidiary. Despite a decline in the power tools segment, the outdoor power equipment segment saw a 22.8% revenue increase. The company introduced about 100 new products, with a focus on lithium-ion battery-powered items, and continued to expand its market share in North America and Europe.
The most recent analyst rating on (HK:2285) stock is a Sell with a HK$14.50 price target. To see the full list of analyst forecasts on Chervon Holdings Limited stock, see the HK:2285 Stock Forecast page.
More about Chervon Holdings Limited
Chervon Holdings Limited is a company incorporated in Hong Kong, operating in the power tools and outdoor power equipment industry. The company focuses on manufacturing and selling original brand products, with a significant market presence in North America and Europe.
Average Trading Volume: 2,608,798
Technical Sentiment Signal: Buy
Current Market Cap: HK$12.64B
See more insights into 2285 stock on TipRanks’ Stock Analysis page.