Hengxin Technology Forecasts Profit Dip

Hengxin Technology Ltd. (HK:1085) has released an update.

Hengxin Technology Ltd. anticipates a 40-50% drop in unaudited net profit for the first half of 2024, despite operational profits rising by 15-25% due to a new acquisition. The decrease in net profit is primarily due to higher interest expenses and profit sharing with non-controlling interests. Investors are urged to exercise caution when trading the company’s securities.

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