Hi Sun Technology (China) Limited (HK:0818) has released an update.
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Hi Sun Technology (China) Limited has issued a profit warning, indicating a significant decline in operating profit or potential loss for 2024, compared to a HK$74.5 million profit in 2023. This downturn is attributed to reduced interest income, lower digital payment handling fees, and increased investment in cross-border business. Despite these challenges, the company remains optimistic about its long-term digital transformation strategy.
For further insights into HK:0818 stock, check out TipRanks’ Stock Analysis page.
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