Huabang Technology Sees Financial Turnaround in 2024

Huabang Technology Holdings Limited (HK:3638) has released an update.

Huabang Technology Holdings Limited reported a turnaround in its financial performance for the six months ending September 2024, achieving a profit of HK$3.85 million, compared to a loss of HK$42.22 million in the same period last year. The improvement was driven by a significant reduction in cost of sales and a reversal of expected credit losses. These results reflect a positive shift in the company’s financial health and could attract investor interest.

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