Wisdom Sports Group (HK:1661) has released an update.
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China Frontier Technology Group, formerly known as Wisdom Sports Group, has reported a significant turnaround with a net profit of RMB 14,135,000 for the first half of 2024, compared to a net loss of RMB 6,375,000 in the same period last year. The company’s revenue soared to RMB 22,356,000, up from RMB 2,571,000, marking a strong improvement in financial performance. This positive outcome is attributed to increased revenue and other income, despite some losses and provisions for impairment.
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