HK Stock Price Fluctuated | CHERVON(02285) is currently up over 6%. The annual net profit has changed from profit to loss. Institutions predict that downstream channels are expected to enter a restocking cycle.

After the warning, Chervon (02285) surged more than 6%, rising by 6.06% to 16.8 Hong Kong dollars as of the time of publication, with a trading volume of 12.9666 million Hong Kong dollars. In terms of news, Chervon is set to release its financial results on March 27. The company issued a profit warning, expecting a loss of approximately 35-40 million US dollars for the full year, compared to a net profit of about 139 million US dollars last year. It is reported that due to factors such as global inflation and destocking, the market has anticipated overall pressure on the performance of the OPE industry in 2023. Huaxi pointed out that considering the end of destocking in overseas tool channels and the potential entry into a restocking cycle for downstream channels, there is the possibility of a recovery in demand related to real estate under the expectation of a rate cut in the United States. Domestic companies may see a turning point in revenue; in the long term, as outdoor power tools trend towards lithium electrification, the market share of lithium OPE companies is expected to continue to increase, suggesting attention to Chervon and others.