Cogobuy Group (HK:0400) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Cogobuy Group reported an 11.9% revenue increase to RMB 4,321.4 million for the first half of 2024, driven by growing demand in AI and chip technologies. Despite the revenue uptick, the company experienced a 5.1% decline in gross profit and a 7.9% drop in profit from operations, although net profit slightly increased by 0.6%. The Group continues to innovate in AIoT and chip application solutions to meet the needs of downstream innovation enterprises.
For further insights into HK:0400 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money