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An announcement from Flowing Cloud Technology Ltd. ( (HK:6610) ) is now available.
Flowing Cloud Technology Ltd has issued a profit warning, anticipating a significant loss for the first half of 2025, ranging from RMB100 million to RMB130 million, compared to a profit of RMB63.5 million in the same period in 2024. The decline is attributed to reduced revenue from its AR/VR marketing services, increased impairment losses for trade receivables, and higher selling and distribution expenses due to intensified marketing efforts.
More about Flowing Cloud Technology Ltd.
Flowing Cloud Technology Ltd is a company involved in the augmented reality and virtual reality (AR/VR) marketing services industry.
Average Trading Volume: 11,017,288
Technical Sentiment Signal: Sell
Current Market Cap: HK$573.6M
See more insights into 6610 stock on TipRanks’ Stock Analysis page.