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Easou Technology Issues Profit Warning Amid Increased Expenses

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Easou Technology Holdings Limited ( (HK:2550) ) just unveiled an update.

Easou Technology Holdings Limited has issued a profit warning, indicating a shift from a profit of approximately RMB25.0 million in 2023 to an expected loss of around RMB2.0 million for the year ending December 31, 2024. This financial downturn is attributed to increased listing expenses from their initial public offering and higher selling and distribution costs due to overseas market expansion.

More about Easou Technology Holdings Limited

YTD Price Performance: -19.46%

Average Trading Volume: 25,052,379

Technical Sentiment Consensus Rating: Strong Buy

Learn more about 2550 stock on TipRanks’ Stock Analysis page.

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