China Electronics Huada Technology Company Limited (HK:0085) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
China Electronics Huada Technology Company Limited has issued a profit warning, expecting a significant drop in consolidated profit for the first half of 2024, with estimates ranging between HK$300.0 million and HK$330.0 million, compared to HK$552.9 million in the previous year. The anticipated decline is due to oversupply in integrated circuits leading to fierce competition and reduced selling prices of the company’s products. Shareholders and potential investors are cautioned to consider this preliminary assessment with care as actual results may vary.
For further insights into HK:0085 stock, check out TipRanks’ Stock Analysis page.