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China Overseas Nuoxin International Holdings Limited ( (HK:0464) ) just unveiled an update.
China In-Tech Limited has issued a profit warning, expecting a significant increase in losses for the year ending March 31, 2025, with losses projected at up to HK$49.8 million compared to HK$15.5 million the previous year. The increase in losses is attributed to decreased revenue, higher material costs and wages, impairment losses on assets, and increased allowances for credit losses on trade receivables. The company’s final audited results are expected to be published by June 30, 2025.
More about China Overseas Nuoxin International Holdings Limited
China In-Tech Limited is a company incorporated in the Cayman Islands, operating within the technology sector. The company, along with its subsidiaries, is involved in the production and sale of electrical haircare appliances, among other products.
Average Trading Volume: 5,543,733
Technical Sentiment Signal: Buy
Current Market Cap: HK$316.4M
Find detailed analytics on 0464 stock on TipRanks’ Stock Analysis page.