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China Sci-Tech Reports Significant Financial Losses for 2024

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Core Economy Investment Group Limited ( (HK:0339) ) has provided an announcement.

China Sci-Tech Industrial Investment Group Limited, formerly known as Core Economy Investment Group Limited, reported its annual financial results for the year ended December 31, 2024. The company experienced a significant decrease in revenue from HK$226,592 in 2023 to HK$82,817 in 2024, with a net loss of HK$8,054,095. Despite a positive change in the fair value of financial assets, the company faced increased administrative expenses and finance costs, leading to a comprehensive loss for the year. The company’s financial position weakened, with net liabilities of HK$742,061 compared to net assets of HK$7,309,950 in the previous year.

More about Core Economy Investment Group Limited

YTD Price Performance: -32.16%

Average Trading Volume: 87,258

Technical Sentiment Signal: Buy

Current Market Cap: HK$38.88M

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