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LX Technology Group Limited ( (HK:2436) ) has shared an update.
LX Technology Group Limited reported a 32.3% increase in revenue for the year ended December 31, 2024, reaching approximately RMB2,371.7 million. Despite a net loss of approximately RMB58.3 million, this marks a significant reduction from the previous year’s loss. The company has made substantial progress in its DLM business, particularly in device recycling, which has transitioned from a gross loss to a gross profit. Additionally, LX Technology introduced an AI tool to enhance internal processes and customer acquisition, aiming to improve operational efficiency and agility in response to market demands.
More about LX Technology Group Limited
LX Technology Group Limited operates in the device lifecycle management (DLM) industry, focusing on optimizing device management for enterprises. The company offers services such as device recycling and subscription, targeting large-scale enterprises as suppliers of de-commissioned IT devices. Their business model addresses the challenges enterprises face in managing IT devices, providing solutions across major phases of the device lifecycle.
YTD Price Performance: -32.34%
Average Trading Volume: 8,025
Technical Sentiment Signal: Buy
Current Market Cap: HK$879.6M
See more data about 2436 stock on TipRanks’ Stock Analysis page.