An update from Hong Kong Aerospace Technology Group Limited ( (HK:1725) ) is now available.
USPACE Technology Group Limited, listed on the Hong Kong Stock Exchange, has released a supplemental announcement regarding its annual results for the year ended 31 December 2024. The independent auditor’s report highlights a material uncertainty related to the company’s ability to continue as a going concern, citing a net loss of RMB265,333,000, net cash outflow from operating activities of RMB42,705,000, and current liabilities exceeding current assets by RMB161,690,000. Additionally, the company faces legal challenges concerning alleged breaches of tenancy agreements and significant capital expenditure commitments, which may impact its financial stability.
More about Hong Kong Aerospace Technology Group Limited
YTD Price Performance: -6.82%
Average Trading Volume: 5,289,835
Technical Sentiment Signal: Buy
Current Market Cap: HK$413.3M
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