Megain Warns of Big Net Profit Drop in FY 2023


A year ago, MEGAIN Holding (Cayman) Co., Ltd., a Zhuhai, China-based designer of chips for third-party ink and toner cartridges, was telling investors it expected to deliver net profit growth (see “Megain Will Post Profit Growth for FY 2022”). The company then delivered the robust net profit growth it had promised for FY 2022 along

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