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Howkingtech International Holding Limited ( (HK:2440) ) has issued an update.
MemeStrategy, Inc. reported 2025 revenue of about RMB58.9 million, down 40.3% year on year, as weakening customer demand hit its legacy IoT operations. The group booked its first RMB1.8 million from cultural collectibles investment and development, which management highlighted as a milestone in its strategic pivot.
Despite a swing to a modest gross profit and a 2.1% gross margin, the company’s net loss widened to roughly RMB157.8 million, driven mainly by a sharp rise in non-cash impairment losses on trade receivables. The board signaled plans to pursue project opportunities, accelerate diversification, and seek new growth drivers, moves that could gradually reshape its earnings mix and competitive stance if execution improves.
More about Howkingtech International Holding Limited
MemeStrategy, Inc., formerly known as Howkingtech International Holding Limited, operates in the Internet of Things sector and is now branching into cultural collectibles investment and development. The company, listed in Hong Kong, is undergoing a strategic transformation under new controlling shareholder Home Office Development Limited, aiming to diversify revenue sources and strengthen its business foundation.
Average Trading Volume: 486,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$625.5M
Find detailed analytics on 2440 stock on TipRanks’ Stock Analysis page.