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Confidence Intelligence Holdings Limited Announces Positive Profit Alert for 2024

Story Highlights
  • Confidence Intelligence Holdings Limited expects a net profit of RMB6.0 million for 2024.
  • The financial turnaround is due to increased sales and improved capacity utilization.
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Confidence Intelligence Holdings Limited Announces Positive Profit Alert for 2024

Confident Investing Starts Here:

Confidence Intelligence Holdings Limited ( (HK:1967) ) has shared an update.

Confidence Intelligence Holdings Limited has announced a positive profit alert, indicating a significant financial turnaround for the year ended December 31, 2024. The company expects to report a net profit of approximately RMB6.0 million, a notable improvement from the net loss of RMB31.5 million in the previous year. This positive shift is primarily due to increased sales, improved gross profit margins, higher order volumes from major customers, and better capacity utilization, which helped absorb more fixed costs. The announcement is based on preliminary unaudited financial data, with final results expected by the end of March 2025.

More about Confidence Intelligence Holdings Limited

YTD Price Performance: -1.35%

Average Trading Volume: 67,333

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$91.25M

Find detailed analytics on 1967 stock on TipRanks’ Stock Analysis page.

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