Powerwin Tech Group Limited ( (HK:2405) ) has provided an announcement.
Powerwin Tech Group Limited announced its annual results for the year ended December 31, 2024, reporting a significant decrease in revenue and profit compared to the previous year. The company’s revenue dropped from USD 21,504,000 in 2023 to USD 13,457,000 in 2024, while profit for the year was USD 544,000, down from USD 7,185,000 in 2023. This decline in financial performance is attributed to increased finance costs and reduced gross profit, impacting the company’s overall market positioning and potentially affecting stakeholder confidence.
More about Powerwin Tech Group Limited
Powerwin Tech Group Limited is a company incorporated in the Cayman Islands, operating within the technology sector. The company is listed on the Hong Kong Stock Exchange under the stock code 2405, and it focuses on providing technology-related services and products.
YTD Price Performance: -11.64%
Average Trading Volume: 713,637
Technical Sentiment Signal: Buy
For an in-depth examination of 2405 stock, go to TipRanks’ Stock Analysis page.