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New Focus Auto Tech Holdings ( (HK:0360) ) has issued an announcement.
New Focus Auto Tech Holdings Limited reported its audited annual results for the year ending December 31, 2024, showing a decrease in revenue to RMB 518,516,000 from RMB 555,377,000 in 2023. Despite efforts to manage costs, the company experienced a net loss of RMB 71,842,000, which is a slight improvement from the previous year’s loss of RMB 88,396,000. The company faced challenges such as increased administrative expenses and allowances for expected credit losses, impacting its overall financial performance.
More about New Focus Auto Tech Holdings
New Focus Auto Tech Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the automotive industry. The company focuses on providing auto-related products and services, catering to a diverse market within the automotive sector.
Technical Sentiment Signal: Buy
Current Market Cap: $99.61M
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