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Veson Holdings Limited ( (HK:1399) ) has shared an update.
Veson Holdings Limited has issued a profit warning, indicating an expected net loss of approximately RMB12 million for the year ending December 31, 2024, compared to a net profit of RMB20.1 million the previous year. This downturn is attributed to a significant decrease in demand for mobile phone batteries from its smartphone manufacturing clients and the termination of an investment project in India, which resulted in a book loss of approximately RMB20.4 million.
More about Veson Holdings Limited
Veson Holdings Limited operates in the consumer electronics market, primarily focusing on the Original Design Manufacturer (ODM) business. The majority of its revenue is derived from the smartphone segment, particularly through the sale of mobile phone batteries.
YTD Price Performance: -2.63%
Average Trading Volume: 116,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$201.7M
Find detailed analytics on 1399 stock on TipRanks’ Stock Analysis page.