Huabang Technology (03638) surged more than 21%. As of press release, it was up 21.95% to HK$0.25, with a turnover of HK$5.5 million.
The Zhitong Finance app learned that Huabang Technology (03638) surged more than 21%. As of press release, it had risen 21.95% to HK$0.25, with a turnover of HK$5.5 million.
According to the news, Huabang Technology recently issued an announcement. It is expected that the Group will obtain a net loss of about HK$40 million to HK$46 million in the 6 months ending September 30, 2023, while the net loss for the 6 months ending September 30, 2022 will be approximately HK$68 million. This is mainly due to the reduction in anticipated credit loss provisions for the Group's accounts receivable, but partly offset by the decline in the Group's gross profit for the six months ending September 30, 2023.