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China Overseas Nuoxin International Holdings Limited ( (HK:0464) ) has provided an update.
China In-Tech Limited reported a significant decrease in revenue for its electrical haircare appliances segment for the year ending March 31, 2025. The decline was attributed to reduced sales volumes of major products like hair dryers and straighteners, a drop in business from key customers, and economic challenges in European markets. Despite some growth in Spain and France, it was insufficient to offset losses in other regions. Additionally, changing consumer preferences towards more advanced technology in haircare appliances contributed to the revenue decline.
The most recent analyst rating on (HK:0464) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on China Overseas Nuoxin International Holdings Limited stock, see the HK:0464 Stock Forecast page.
More about China Overseas Nuoxin International Holdings Limited
China In-Tech Limited operates in the electrical haircare appliances industry, focusing on products such as hair dryers and hair straighteners. The company is involved in the manufacturing and distribution of these appliances, primarily targeting markets in Europe and Japan.
Average Trading Volume: 6,426,546
Technical Sentiment Signal: Buy
Current Market Cap: HK$575.2M
For a thorough assessment of 0464 stock, go to TipRanks’ Stock Analysis page.