Cheshi Technology's Profit to Drop in 2024

MT Newswires Live

2025/03/13

Cheshi Technology (HKG:1490) expects a net profit of between 2 million yuan and 4 million yuan for the year 2024, down from 41.4 million yuan a year prior, a Wednesday filing with the Hong Kong bourse said.

The online ad services provider attributed the lower anticipated profit mainly to a decrease in revenue from its online advertising business and a rise in overall spending on self-media channel promotions.

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