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Hengxin Technology Ltd. ( (HK:1085) ) has shared an announcement.
Hengxin Technology Ltd. has issued a profit warning, indicating a significant anticipated decline in net profit for the year ending December 31, 2024. The expected decrease in profit, ranging from 25% to 45%, is attributed to a reduction in gross profit margin, increased expenses in selling, distribution, administration, and R&D, as well as higher interest expenses. This announcement suggests potential challenges for the company, impacting its financial performance and possibly affecting investor confidence.
More about Hengxin Technology Ltd.
Hengxin Technology Ltd. operates in the technology sector, focusing on providing advanced technological solutions and services. The company is incorporated in Singapore and conducts business in Hong Kong under the name HX Singapore Ltd.
YTD Price Performance: 8.80%
Average Trading Volume: 170,535
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$647.2M
For an in-depth examination of 1085 stock, go to TipRanks’ Stock Analysis page.