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AI X Tech Inc. Reports Significant Profit Decline in 2024

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AI X Tech Inc. Reports Significant Profit Decline in 2024

An update from Cheshi Technology Inc. ( (HK:1490) ) is now available.

AI X Tech Inc. announced its annual financial results for the year ended December 31, 2024, revealing a decrease in revenue and profit compared to the previous year. The company reported a revenue of RMB 151,851,000, a 2.3% decline from 2023, and a significant drop in gross profit by 29.5% to RMB 85,850,000. The profit attributable to owners of the parent fell sharply by 93.7% to RMB 2,692,000. This downturn reflects challenges in the company’s operations, potentially impacting its market position and stakeholders.

More about Cheshi Technology Inc.

YTD Price Performance: 23.53%

Average Trading Volume: 390,196

Technical Sentiment Signal: Sell

Current Market Cap: HK$242.5M

Find detailed analytics on 1490 stock on TipRanks’ Stock Analysis page.

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