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The latest update is out from InnoScience (Suzhou) Technology Holding Co Ltd Class H ( (HK:2577) ).
InnoScience (Suzhou) Technology Holding Co., Ltd. reported significant financial growth for the year ended December 31, 2024, with a 39.8% increase in revenue to RMB828.5 million. The company achieved notable improvements in gross margins, reducing its gross loss margin from -61.6% to -19.5%. The company expanded its product applications in consumer electronics, new energy vehicles, AI, and humanoid robots, leading to substantial increases in shipments and revenue across these sectors. InnoScience also made significant advancements in R&D, launching over 50 new products and achieving breakthroughs in high-voltage devices. The company’s overseas revenue grew by 118.1%, and overall manufacturing costs decreased by nearly 40%, enhancing profitability.
More about InnoScience (Suzhou) Technology Holding Co Ltd Class H
InnoScience (Suzhou) Technology Holding Co., Ltd. is a company based in China, specializing in the development and production of GaN (Gallium Nitride) chip products. The company focuses on various applications, including consumer electronics, new energy vehicles, AI, and humanoid robots, with a strong emphasis on innovation and expanding its market reach.
YTD Price Performance: 58.40%
Average Trading Volume: 581,424
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