China Titans Energy Technology Group Co., Ltd. (HK:2188) has released an update.
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China Titans Energy Technology Group Co., Ltd. reports a challenging interim financial period ending June 30, 2024, with a significant swing from a profit of RMB 5,250,000 last year to a loss of RMB 29,564,000. This downturn is attributed to increased costs of revenue, higher selling and distribution expenses, and substantial administrative costs. Despite revenue growth, the combination of these factors led to a comprehensive loss for the period.
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