TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
MEGAIN Holding (Cayman) Co. Ltd. ( (HK:6939) ) has provided an update.
MEGAIN Holding (Cayman) Co., Ltd. has issued a profit warning, anticipating a net loss of RMB40-60 million for the first half of 2025, compared to a net profit in the same period last year. The loss is attributed to a significant decrease in gross profit margin due to intense competition in the compatible cartridge chips industry, increased marketing and administrative expenses, and a rise in asset impairment provisions.
The most recent analyst rating on (HK:6939) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on MEGAIN Holding (Cayman) Co. Ltd. stock, see the HK:6939 Stock Forecast page.
More about MEGAIN Holding (Cayman) Co. Ltd.
MEGAIN Holding (Cayman) Co., Ltd. operates in the technology sector, focusing on the production of compatible printer cartridge chips. The company is also expanding its business into areas such as chips for the Internet of Things and online sales.
Average Trading Volume: 82,340
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$238.6M
See more data about 6939 stock on TipRanks’ Stock Analysis page.