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Skyworth Digital Holdings ( (HK:0751) ) has provided an update.
Skyworth Group Limited has issued a profit warning, anticipating a 50% decrease in profit after tax for the first half of 2025 compared to the same period in 2024. This decline is attributed to the prolonged downturn in China’s real estate market, affecting the company’s construction development business, and increased competition in the smart systems technology sector, leading to reduced revenue and gross profit margins. The company is preparing its interim results, which may be subject to amendments, and advises caution for shareholders and potential investors.
More about Skyworth Digital Holdings
Skyworth Group Limited is a company incorporated in Bermuda, primarily involved in the modern services business sector, including construction development, and the smart systems technology business sector. The company is listed on the Hong Kong Stock Exchange and focuses on providing innovative technology solutions and services.
Average Trading Volume: 5,460,353
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$6.18B
For an in-depth examination of 0751 stock, go to TipRanks’ Overview page.