Feiyu Technology International Company Ltd. ( (HK:1022) ) has issued an update.
Feiyu Technology International Company Ltd. has issued a profit warning, anticipating a net loss of RMB40.0 million to RMB50.0 million for the year ending December 2024, compared to a net profit of RMB52.2 million in 2023. The loss is attributed to an investment loss in an unlisted limited partnership, increased promotional expenses for the new game Yi Bu Liang Bu, and delays in launching new games. Despite these challenges, the company has seen success with Yi Bu Liang Bu, which has climbed to the 8th position on the Weixin mini-game best-selling list, indicating potential for future growth and market strengthening. The company plans to launch additional games in the first half of 2025, aiming for improved performance in the coming year.
More about Feiyu Technology International Company Ltd.
Feiyu Technology International Company Ltd. operates in the technology industry, focusing on the development and promotion of HTML5 games. The company is known for its innovative gaming solutions and has a market focus on digital entertainment and online gaming platforms.
YTD Price Performance: -6.25%
Average Trading Volume: 579,379
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$393.6M
See more data about 1022 stock on TipRanks’ Stock Analysis page.