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Ruicheng (China) Media Group Limited ( (HK:1640) ) has issued an update.
Qian Xun Technology Limited, a company listed on the Hong Kong Stock Exchange, has announced a significant increase in its unaudited consolidated net profit after tax for the first half of 2025. The company expects to report a net profit between RMB49.6 million and RMB53.6 million, a substantial rise from RMB5.4 million in the same period last year. This growth is primarily driven by the e-commerce business of used electronic products acquired in August 2024, contributing over RMB620 million in revenue. Additionally, the company anticipates a non-recurring gain from the deconsolidation of a subsidiary. However, these figures are preliminary and subject to finalization.
More about Ruicheng (China) Media Group Limited
Average Trading Volume: 1,069,022
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.63B
For detailed information about 1640 stock, go to TipRanks’ Stock Analysis page.