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An announcement from Skyworth Digital Holdings ( (HK:0751) ) is now available.
Skyworth Digital Co., Ltd., a subsidiary of Skyworth Group Limited, has released its estimated annual results for 2024, indicating a significant decrease in net profit by 51.83% to 65.12% compared to the previous year. The decline is attributed to a competitive market environment, reduced sales unit prices of smart devices, and pressure on the display modules business, affecting both revenue and gross profit margins.
More about Skyworth Digital Holdings
Skyworth Group Limited, incorporated in Bermuda and listed on the Hong Kong Stock Exchange, operates in the electronics industry with a focus on digital and smart devices. Its subsidiary, Skyworth Digital Co., Ltd., is listed on the Shenzhen Stock Exchange and specializes in producing display modules and related products.
YTD Price Performance: -12.00%
Average Trading Volume: 613
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $785.7M
See more insights into 0751 stock on TipRanks’ Stock Analysis page.
