Summary by Moomoo AI
HUNG TEN PRECISION TECHNOLOGY CO., LTD. (“HUNG TEN PRECISION”) ISSUED A POSITIVE EARNINGS FORECAST ON APRIL 15, 2024. IT EXPECTS A NET PROFIT OF BETWEEN $7 MILLION AND $10 MILLION FOR THE FIRST QUARTER OF 2024, WITH A NET LOSS OF APPROXIMATELY $9 MILLION COMPARED TO THE SAME PERIOD IN 2023, ACHIEVING A TURNOVER LOSS. This transformation was driven primarily by the Group's improved management efficiency and a gradual recovery in the demand for computer, consumer electronics and network equipment end markets. The company noted that these data have not yet been audited or audited by auditors and that more unaudited financial information is expected to be released by mid-May 2024. Company shareholders and potential investors should exercise caution.