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GL-Carlink Technology Holding Limited ( (HK:2531) ) just unveiled an announcement.
GL-Carlink Technology Holding Limited reported a 6.8% decrease in total revenue but a 21.6% increase in gross profit for the first quarter of 2025, driven by a significant rise in its software and services business. The company’s strategic focus on expanding its high-margin software and services offerings, particularly in the NEV sector, has led to a 14.3% increase in revenue from this segment, while hardware revenue declined. This shift aligns with the growing demand for intelligent connected vehicle solutions and has resulted in a substantial increase in the company’s gross profit margin.
More about GL-Carlink Technology Holding Limited
GL-Carlink Technology Holding Limited operates in the technology industry, focusing on providing SaaS marketing and management services, including SaaS subscription and value-added services. The company is involved in the intelligent connected vehicles sector, with a particular emphasis on software and services for new electric vehicles (NEVs).
Average Trading Volume: 266,669
Technical Sentiment Signal: Strong Sell
For detailed information about 2531 stock, go to TipRanks’ Stock Analysis page.