Hi Sun Technology Reports Significant Financial Decline in 2024

Hi Sun Technology (China) Limited ( (HK:0818) ) has shared an update.

Hi Sun Technology (China) Limited announced its financial results for the year ended December 31, 2024, revealing a significant decline in key financial metrics compared to the previous year. The company experienced a 14% decrease in revenue and a 66% drop in profit attributable to owners, indicating challenges in maintaining its financial performance. Despite a 28% increase in operating profit after the gain on disposals of subsidiaries, the overall financial position weakened, with total assets declining by 9%. These results suggest potential concerns for stakeholders regarding the company’s operational efficiency and market competitiveness.

More about Hi Sun Technology (China) Limited

Hi Sun Technology (China) Limited is a company incorporated in Bermuda, operating in the technology sector. It provides a range of services and products, though specific details about its primary offerings or market focus are not provided in the release.

YTD Price Performance: 8.57%

Average Trading Volume: 785,921

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.04B

For an in-depth examination of 0818 stock, go to TipRanks’ Stock Analysis page.