KuangChi Science Limited ( (HK:0439) ) has shared an announcement.
KuangChi Science Limited announced its audited consolidated financial results for the year ended December 31, 2024, reporting a decrease in revenue from HK$83,139,000 in 2023 to HK$75,514,000 in 2024. Despite an increase in gross profit and other income, the company faced a significant operating loss due to higher research and development expenses, leading to a net loss of HK$47,427,000 for the year. This financial performance reflects challenges in cost management and market conditions, impacting the company’s profitability and stakeholder interests.
More about KuangChi Science Limited
KuangChi Science Limited is a company incorporated in Bermuda, primarily engaged in the technology industry. The company focuses on innovative scientific research and development, offering advanced technology solutions and products.
YTD Price Performance: -14.42%
Average Trading Volume: 671,016
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.1B
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