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New Huo Technology Holdings Limited ( (HK:1611) ) has shared an update.
Sinohope Technology Holdings Limited has issued a profit warning for the twelve months ended 30 September 2025, indicating it expects to post a net loss of no more than HK$10.0 million, compared with a net profit of approximately HK$56.3 million a year earlier. The downturn is mainly attributed to the impact of a very substantial acquisition that, despite generating a provisional bargain purchase gain of about HK$60.9 million, resulted in a consolidated net loss of roughly HK$58.6 million, together with the absence of last year’s one-off reversal of an impairment on an FTX-related deposit of around HK$85.9 million, partially offset by a HK$10.3 million reversal of other receivables impairment and reduced gains from cryptocurrency fair value changes. The board stressed that these figures are based on unaudited management accounts and may change upon finalisation of the audited annual results, which are scheduled to be announced on 30 December 2025, and advised shareholders and potential investors to exercise caution when trading the company’s shares.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
More about New Huo Technology Holdings Limited
Sinohope Technology Holdings Limited is a Hong Kong-listed technology group engaged in cryptocurrency-related and digital asset businesses, with operations conducted through various subsidiaries. The company’s performance is significantly influenced by fair value changes in cryptocurrencies and corporate transactions such as acquisitions, as well as recoveries and impairments related to digital asset receivables and deposits.
Average Trading Volume: 2,290,427
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.13B
Find detailed analytics on 1611 stock on TipRanks’ Stock Analysis page.