Champion Technology Holdings ( (HK:0092) ) has issued an update.
Champion Technology Holdings Limited has issued a profit warning for the six months ending December 2024, projecting a loss of approximately HK$20 to HK$23 million, a significant decline from a HK$50 million profit in the same period in 2023. This downturn is attributed to reduced revenue in their smart city and renewable energy segments due to chip shortages and changes in government subsidies, respectively. Despite this, the company has made strides in developing its Oxyhydrogen Gas System, which promises zero emissions and high efficiency, potentially offering a lucrative future in green energy.
More about Champion Technology Holdings
Champion Technology Holdings Limited operates in the smart city solutions and renewable energy sectors, focusing on innovative technologies and sustainable energy solutions.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $29.77M
See more insights into 0092 stock on TipRanks’ Stock Analysis page.