Asia
Shanghai Longcheer Technology Warns of Lower Three-Month Profit
Shanghai Longcheer Technology (HKG:9611, SHA:603341) expects an attributable profit of around 15.4 million yuan for the three months ended March 31, down from 154.1 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.The smart device and service provider attributed the forecast to a lower revenue amid a weakened demand in the consumer electronics end market, higher costs and expenses due to investment in new business areas, and higher finance costs.
HKG:9611SHA:603341
