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China Success Finance Group Holdings Ltd. ( (HK:3623) ) has shared an update.
China Success Finance Group Holdings Ltd. has issued a profit warning, indicating a significant decrease in net revenue by 80% to 85% for the first half of 2025 compared to the previous year, mainly due to intense competition in the energy storage market and reduced financing demand. Despite the revenue drop, the company reports a decrease in losses by 65% to 75%, attributed to the absence of impairment losses on property and equipment. The company plans to focus on risk management, explore digital asset opportunities, and revive its energy storage business overseas to promote sustainable development.
More about China Success Finance Group Holdings Ltd.
China Success Finance Group Holdings Ltd. operates in the financial sector, focusing on financial services and energy storage systems. The company has been involved in the energy storage market, particularly in South Africa, and is exploring opportunities in the digital asset sector to enhance its operational resilience.
Average Trading Volume: 202,203
Technical Sentiment Signal: Buy
Current Market Cap: HK$755.5M
For a thorough assessment of 3623 stock, go to TipRanks’ Stock Analysis page.