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BaTeLab Co., Ltd. ( (HK:2149) ) just unveiled an announcement.
BaTeLab Co., Ltd. reported a 24.8% increase in revenue for the year ending December 31, 2024, reaching RMB578.8 million, driven by advancements in chip design and new product launches. Despite a rise in cost of sales by 31.5%, the company’s profit before taxation surged by 52.0% to RMB166.0 million, reflecting improved business scale and profitability. However, the gross profit margin slightly decreased due to product mix variations. The company also increased its R&D expenses by 8.5% to support business expansion, although it did not declare a final dividend for the year.
More about BaTeLab Co., Ltd.
BaTeLab Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates within the technology industry, focusing on semi-automated chip design using machine learning and launching new industrial products. The company is committed to in-depth development with key customers.
YTD Price Performance: 21.32%
Average Trading Volume: 47,557
Technical Sentiment Consensus Rating: Strong Sell
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