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Lvji Technology Issues Profit Warning Amidst Market Challenges

Story Highlights
  • Lvji Technology expects a decline in revenue and profit for 2024 due to market challenges.
  • The company is implementing strategies to optimize operations and enhance market share.
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Lvji Technology Issues Profit Warning Amidst Market Challenges

Elevate Your Investing Strategy:

Lvji Technology Holdings, Inc. ( (HK:1745) ) has shared an announcement.

Lvji Technology Holdings Inc. has issued a profit warning for the year ending December 31, 2024, expecting a decline in both revenue and profit compared to the previous year. The anticipated downturn is attributed to weak consumer spending, intensified industry competition, and promotional strategies for underperforming points of interest. Despite these challenges, the company remains financially stable and is implementing strategic measures to optimize operations, enhance product innovation, and strengthen market share, aiming for long-term growth.

More about Lvji Technology Holdings, Inc.

Lvji Technology Holdings Inc., incorporated in the Cayman Islands, operates in the cultural and tourism industry. The company focuses on providing online tour guides and related services, aiming to enhance the tourism experience through innovative digital solutions.

YTD Price Performance: -4.05%

Average Trading Volume: 772,750

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$607.4M

Learn more about 1745 stock on TipRanks’ Stock Analysis page.

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