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Infinities Technology International (Cayman) Holding Limited ( (HK:1961) ) has shared an update.
Infinities Technology International has issued a profit warning, indicating an expected loss between RMB33 million and RMB38 million for the first half of 2025, compared to a loss of approximately RMB19.5 million in the same period of 2024. The decline in financial performance is attributed to the end of the operating lifecycle of existing games without new launches, leading to decreased revenue in the mobile games segment, and increased impairment provisions due to unfavorable macroeconomic conditions.
The most recent analyst rating on (HK:1961) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Infinities Technology International (Cayman) Holding Limited stock, see the HK:1961 Stock Forecast page.
More about Infinities Technology International (Cayman) Holding Limited
Infinities Technology International (Cayman) Holding Limited is a company incorporated in the Cayman Islands, focusing on the mobile gaming industry. The company is involved in the development and operation of mobile games and digital media products.
Average Trading Volume: 408,172
Technical Sentiment Signal: Sell
Current Market Cap: HK$231.3M
Learn more about 1961 stock on TipRanks’ Stock Analysis page.