Chervon Holdings Limited Provided consolidated earnings guidance for the year ended December 31, 2023. For the period, the company expects to record a net loss in the range of approximately USD 35 million to USD 40 million, a compared to a net profit of approximately USD 139 million recorded for the year ended December 31, 2022. Such expected decrease in the net profit during the Reporting Period is primarily due to: (i) a decline in revenue caused by more conservative inventory policies adopted by the Group's key customers facing macroeconomic uncertainties; (ii) the Group's continued investments in research and product development and the sales channel infrastructure; (iii) additional provision for write-down of inventories and warranty; and (iv) the share of loss of an associate of the Group.
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5-day change | 1st Jan Change | ||
18.76 HKD | +4.34% |
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+1.63% | -21.34% |
06-04 | Chervon Holdings Limited Declares Special Dividend for the Year Ended 31 December 2023 | CI |
05-09 | Chervon Logs High-Double-Digit Growth in April | MT |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-21.34% | 1.18B | |
+13.94% | 86.66B | |
+11.29% | 65.56B | |
+17.73% | 36.58B | |
+16.05% | 32.07B | |
+7.93% | 26.15B | |
-1.83% | 25.45B | |
-2.02% | 25.14B | |
+15.06% | 24.32B | |
-2.36% | 20.87B |
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- Chervon Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2023