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New Huo Technology Holdings Limited ( (HK:1611) ) has provided an update.
Sinohope Technology Holdings Limited has issued a profit warning for the six months ending March 31, 2025, indicating an expected net loss of at least HK$10 million. This downturn is primarily due to a significant decrease in revenue from the suspension of cryptocurrency mining services and reduced fair value gains on cryptocurrencies, alongside the absence of a one-off reversal of impairment provision from the previous year.
More about New Huo Technology Holdings Limited
Sinohope Technology Holdings Limited, incorporated in the British Virgin Islands, operates in the technology sector with a focus on cryptocurrency-related services. The company is listed on the Hong Kong Stock Exchange and has been involved in cryptocurrency mining services.
Average Trading Volume: 1,102,889
Technical Sentiment Signal: Sell
Current Market Cap: HK$961.2M
See more insights into 1611 stock on TipRanks’ Stock Analysis page.