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An announcement from Howkingtech International Holding Limited ( (HK:2440) ) is now available.
MemeStrategy, Inc. has warned investors that it expects to post a net loss of at least RMB150 million for the year ended 31 December 2025, nearly double the prior year’s RMB77.5 million loss. The deterioration is driven mainly by its Internet of Things business, which is anticipated to record a segment loss of no less than RMB110 million amid worsening customer aging and intensified market competition.
The company attributes the enlarged loss primarily to a sharp rise in impairment losses on trade receivables, mainly from the IoT segment, to at least RMB100 million from RMB29 million a year earlier under the expected credit loss model. Management stressed that this impairment is a non-cash charge and is not expected to hurt the Group’s overall cash flow or operations, though shareholders are urged to exercise caution ahead of the full-year results due by the end of March 2026.
More about Howkingtech International Holding Limited
MemeStrategy, Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates an Internet of Things business that was previously known as Howkingtech International Holding Limited. The company’s IoT segment serves customers in a challenging economic and highly competitive market environment, which has recently led to pressures on receivables and profitability.
Average Trading Volume: 491,467
Technical Sentiment Signal: Sell
Current Market Cap: HK$683.9M
For detailed information about 2440 stock, go to TipRanks’ Stock Analysis page.