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The latest update is out from Wealthy Way Group Ltd. ( (HK:3848) ).
Haosen Fintech Group Limited has issued a profit warning, indicating a significant decrease in profit for the year ending December 31, 2024. The expected profit attributable to the company’s owners is not more than RMB6 million, a drop from approximately RMB23 million in 2023. This decline is primarily due to an increase in allowance for expected credit loss, higher employee benefit expenses due to share options granted, and a rise in deferred tax expenses. The financial results are still being finalized and have not been audited, with the final announcement expected by March 24, 2025. Stakeholders are advised to exercise caution when dealing with the company’s shares.
More about Wealthy Way Group Ltd.
Haosen Fintech Group Limited operates in the financial technology sector, focusing on providing innovative financial solutions and services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 85.40%
Average Trading Volume: 293,682
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.83B
See more insights into 3848 stock on TipRanks’ Stock Analysis page.