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An update from Bright Future Technology Holdings Limited ( (HK:1351) ) is now available.
Bright Future Technology Holdings Limited, a company incorporated in the Cayman Islands, has issued a profit warning indicating a significant financial downturn. The company expects to report a loss of at least RMB4.7 million for the year ending December 31, 2024, compared to a profit of RMB14.8 million in 2023. This decline is attributed to increased service costs, particularly in advertising, and reduced other gains due to changes in value-added tax policies and decreased government grants. The company plans to implement cost reduction and efficiency measures to improve profitability.
More about Bright Future Technology Holdings Limited
YTD Price Performance: 6.42%
Average Trading Volume: 41,933
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$119.4M
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