SIM Technology Group (HK:2000) has released an update.
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SIM Technology Group Limited has reported a significant decline in revenue for May 2024, with a 9.6% drop from the previous month and a substantial 35.7% fall from the same month last year. The decrease is attributed to customer adjustments in delivery times for purchase orders which also led to a 43.5% reduction in total revenue for the first five months of the year, compared to the same period in 2023. The company’s core business includes ODM of handsets and IOT terminals, while its non-core business is property management.
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