Howkingtech International Holding Limited (HK:2440) has released an update.
Howkingtech International Holding Limited has issued a profit warning, expecting an 80-85% drop in revenue and a net loss of RMB 24-27 million for the first half of 2024, compared to a net profit in the previous year. The decline is attributed to delayed IoT projects amid economic uncertainty and a lack of demand for telecommunication equipment. Shareholders and potential investors are urged to exercise caution when dealing with the company’s securities.
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