Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Huobi Technology Holdings Limited
  6. News
  7. Summary
    1611   VGG4671J1012

HUOBI TECHNOLOGY HOLDINGS LIMITED

(1611)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Huobi Technology : POSITIVE PROFIT ALERT FOR THE SIX MONTHS ENDED 31 MARCH 2021

05/10/2021 | 08:46am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HUOBI TECHNOLOGY HOLDINGS LIMITED

火幣科技控股有限公司

(Incorporated in the British Virgin Islands with limited liability)

(Stock code: 1611)

POSITIVE PROFIT ALERT

FOR THE SIX MONTHS ENDED 31 MARCH 2021

This announcement is made by Huobi Technology Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Future Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors (the "Board") of the Company wishes to inform the shareholders of the Company ("Shareholders") and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 31 March 2021 (the "Period") and the information currently available to the Company, the Group is expected to record a net profit before income tax within a range of approximately HK$65.0 million to HK$85.0 million for the Period, as compared to a net loss before income tax of HK$30.1 million for the six months ended 31 March 2020. The expected turnaround from net loss to net profit before income tax for the Period was mainly attributable to:

  1. an increase in revenue and gross profit in the manufacturing business of the Group during the Period as a result of the market recovery from COVID-19 epidemic; and
  2. a significant increase in revenue and gross profit in the provision of technology solution services business of the Group during the Period due to the bloom of the virtual asset market.

- 1 -

The information contained in this announcement is only a preliminary assessment by the Board and the management of the Company based on the unaudited consolidated management accounts of the Group and the information currently available to the Company. Such unaudited consolidated management accounts have not been reviewed, confirmed or audited by the Company's auditors or reviewed by the audit committee of the Company. The Company is still in the process of finalising the interim results of the Group for the Period, therefore the finalised interim results for the Period may differ from the information disclosed in this announcement. The unaudited interim results of the Group for the Period are expected to be announced by late May 2021.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

HUOBI TECHNOLOGY HOLDINGS LIMITED

Li Lin

Executive Director

Hong Kong, 10 May 2021

As at the date of this announcement, the Board comprises (1) Mr. Li Lin as executive Director; and (2) Mr. Duan Xiongfei, Mr. Yip Wai Ming and Mr. Ngai Matthew Cheuk Yin as independent non-executive Directors.

- 2 -

Disclaimer

Huobi Technology Holdings Ltd. published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 12:45:02 UTC.


ę Publicnow 2021
All news about HUOBI TECHNOLOGY HOLDINGS LIMITED
07/11HUOBI TECHNOLOGY : BlueHelix (BHEX) launches HDEX, the first exchange to support..
AQ
06/22Hong Kong stocks fall ahead of Powell's testimony
RE
06/22China stocks climb on bank, energy boost; Hong Kong flat
RE
05/24Hong Kong stocks close lower as materials weaken, cryptocurrency stocks dive
RE
05/24HUOBI TECHNOLOGY : Swings to Profit in Q1; Shares Plummet 21%
MT
05/24China stocks inch higher as financials gain; Hong Kong down
RE
05/21Huobi Technology Holdings Limited Reports Earnings Results for the Half Year ..
CI
05/21China shares fall as financials, consumer firms drag; Tencent weighs on HSI
RE
05/10Babel Finance raises $40 million as interest grows in Asian crypto
RE
05/10HUOBI TECHNOLOGY : Positive profit alert for the six months ended 31 march 2021
PU
More news
Financials
Sales 2020 277 M 35,6 M 35,6 M
Net income 2020 -32,6 M -4,19 M -4,19 M
Net cash 2020 45,0 M 5,79 M 5,79 M
P/E ratio 2020 -40,3x
Yield 2020 -
Capitalization 3 108 M 400 M 400 M
EV / Sales 2019 4,33x
EV / Sales 2020 4,61x
Nbr of Employees 626
Free-Float 29,7%
Chart HUOBI TECHNOLOGY HOLDINGS LIMITED
Duration : Period :
Huobi Technology Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HUOBI TECHNOLOGY HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Managers and Directors
Lin Li Chairman & Chief Executive Officer
Li Zhang Chief Financial Officer
Ruobing Zhao Chief Operating Officer
Yan Lin Sun Compliance Director
Xiong Fei Duan Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
HUOBI TECHNOLOGY HOLDINGS LIMITED63.17%400
KEYENCE CORPORATION8.00%138 824
SCHNEIDER ELECTRIC SE21.64%93 883
NIDEC CORPORATION-2.81%67 310
EATON CORPORATION PLC30.26%62 361
EMERSON ELECTRIC CO.24.08%59 802