iMotion Automotive Technology (Suzhou) Co., Ltd. Class H ( (HK:1274) ) has shared an update.
iMotion Automotive Technology (Suzhou) Co., Ltd. announced its annual financial results for the year ended December 31, 2024, revealing a revenue increase of 2.58% to RMB1,247.72 million. However, the company experienced a significant decline in gross profit by 24.91% and an increase in loss before tax by 47.78%, amounting to RMB288.34 million. The gross profit margin also decreased to 7.28%, and the company decided not to recommend a final dividend for the year. These results indicate financial challenges, impacting the company’s profitability and potentially affecting its market positioning and stakeholder confidence.
More about iMotion Automotive Technology (Suzhou) Co., Ltd. Class H
iMotion Automotive Technology (Suzhou) Co., Ltd. is a joint stock company incorporated in China, operating in the automotive technology industry. The company focuses on developing and providing advanced automotive technologies and solutions.
YTD Price Performance: 16.26%
Average Trading Volume: 5,866,733
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$4.36B
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