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Maxnerva Technology Services Limited ( (HK:1037) ) has shared an update.
Maxnerva Technology Services Limited reported an 18% decline in revenue to RMB558.9 million for the year ended December 31, 2024, with a net loss of RMB12.4 million. The loss was attributed to a decrease in the fair value of investments and impairment losses on intangible assets. However, when excluding these factors, the company achieved an adjusted net profit of RMB7.0 million, indicating an improvement from the previous year’s adjusted net loss of RMB5.1 million. The company decided not to recommend a final dividend for the year. Inventory turnover increased due to restocking of smart equipment, and trade receivable turnover also rose, reflecting changes in revenue and project structuring.
More about Maxnerva Technology Services Limited
Maxnerva Technology Services Limited is engaged in the digital industry and digital life businesses, focusing on providing project-related hardware and software products, including smart office equipment. The company operates with a market focus on digital solutions and services.
Technical Sentiment Signal: Sell
Current Market Cap: €26.39M
For an in-depth examination of 1037 stock, go to TipRanks’ Stock Analysis page.