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Chanjet Information Technology Co., Ltd. Class H (1588) Gets a Buy From Jefferies
Jefferies Adjusts Chanjet Information Technology Company's Price Target to HK$11.88 From HK$11.54, Keeps at Buy
Chanjet Information Technology Returns to Profit As Revenue Improves 11%
CHANJET: 2024 ANNUAL REPORT
CHANJET (01588.HK) reported a net profit of 33.46 million yuan in 2024, a year-on-year increase of 111%.
On March 27, Gelonghui announced that CHANJET (01588.HK) achieved an income of 0.959 billion yuan in 2024, a 20% increase from the previous year; the profit attributable to equity holders of the parent company was 33.46 million yuan, up 111% from the previous year; the group’s basic earnings per share were 0.104 yuan, representing a growth of 108% year-on-year. The group continues to strengthen its channel layout, promoting the penetration of channels into county-level markets, and enhancing the density and breadth of coverage in key regional markets. By leveraging technologies such as AI and Big Data, the group empowers value-added distributors to improve their customer acquisition and operation success capabilities; it continues to increase.
Express News | Chanjet Information Technology FY Gross Profit RMB 692.05 Million
Chanjet Information Technology Company Limited's (HKG:1588) Shares Climb 25% But Its Business Is Yet to Catch Up