Coolpad Group ( (HK:2369) ) has issued an announcement.
Coolpad Group Limited announced its financial results for the year ending December 31, 2024, reporting a significant increase in revenue by 62.46% to HK$499,332,000 compared to the previous year. Despite the revenue growth, the company experienced a larger loss before tax of HK$250,514,000, a 7.05% increase from 2023, indicating ongoing financial challenges. The overall comprehensive loss for the year was HK$301,304,000, reflecting the company’s struggle to achieve profitability amidst rising costs and expenses.
More about Coolpad Group
Coolpad Group Limited, incorporated in the Cayman Islands, operates within the technology industry, primarily focusing on the development and sale of smartphones and related products. The company is listed on the Hong Kong Stock Exchange under stock code 2369.
Technical Sentiment Signal: Buy
Current Market Cap: $61.09M
See more data about 2369 stock on TipRanks’ Stock Analysis page.