The latest update is out from ZX Inc. ( (HK:9890) ).
ZX Inc. has issued a profit warning, indicating a significant decrease in expected net profit for the year ending December 31, 2024, compared to the previous year. The decline is attributed to several factors, including reduced revenue from existing game products, early-stage revenue contributions from new games, decreased fair value gains on financial assets, increased asset impairment losses, and a strategic focus on core gaming operations over consumer products. The company’s financial results are still being finalized, and actual outcomes may vary.
More about ZX Inc.
ZX Inc. is a company incorporated in the Cayman Islands, operating in the gaming industry. It focuses on marketing and operating game products, with a strategic emphasis on its core business in this sector.
YTD Price Performance: 10.21%
Average Trading Volume: 3,756,166
Technical Sentiment Consensus Rating: Buy
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