Apollo Future Mobility Group Limited ( (HK:0860) ) has provided an announcement.
Apollo Future Mobility Group Limited announced its annual results for the year ended December 31, 2024, reporting a significant increase in revenue to HK$340,198,000 from HK$279,213,000 in 2023. Despite the revenue growth, the company faced substantial losses, with a net loss of HK$1,549,092,000, primarily due to increased research and development costs and other losses. This financial performance reflects challenges in the company’s operations, impacting its industry positioning and raising concerns for stakeholders regarding future profitability.
More about Apollo Future Mobility Group Limited
Apollo Future Mobility Group Limited operates in the mobility industry, focusing on advanced automotive technologies and solutions. The company offers a range of products and services aimed at enhancing future mobility, with a market focus on innovation and development in the automotive sector.
YTD Price Performance: -3.39%
Average Trading Volume: 1
Technical Sentiment Signal: Buy
Current Market Cap: €58.26M
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