MEGAIN Holding (Cayman) Co. Ltd. (HK:6939) has released an update.
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MEGAIN Holding (Cayman) Co., Ltd. has issued a profit warning, anticipating a dramatic 94%-99% decrease in net profit for the first half of 2024, compared to the same period in 2023. The decline is attributed to factors such as intense competition in the printer cartridge chip industry, absence of revenue from technical services, decreased trading revenues, and increased marketing expenses. Investors are urged to exercise caution and await the finalized interim results expected by the end of August 2024.
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