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Technovator International ( (HK:1206) ) just unveiled an announcement.
Technovator International Limited has issued a profit warning, indicating an expected loss between RMB260.0 million and RMB270.0 million for the year ending December 31, 2024, a significant increase from the previous year’s loss of RMB99.9 million. This increase in loss is attributed to maintaining lower gross profit margins to retain market share amidst intense competition and delayed customer payments, leading to a prolonged payment collection cycle and increased provision for impairment, impacting net profit adversely.
More about Technovator International
Technovator International Limited is a company incorporated in Singapore, operating in the technology sector. It focuses on providing innovative solutions and services, with a market presence that is influenced by competitive industry dynamics.
YTD Price Performance: 37.04%
Average Trading Volume: 295,466
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$289.4M
For detailed information about 1206 stock, go to TipRanks’ Stock Analysis page.