Qingdao AInnovation Technology Reports 2024 Financial Results Amidst Challenges

An update from Qingdao AInnovation Technology Group Co. Ltd Class H ( (HK:2121) ) is now available.

Qingdao AInnovation Technology Group Co. Ltd Class H announced its annual results for the fiscal year ending December 31, 2024. The company reported a decrease in revenue to RMB 1,221,768,000 compared to the previous year, alongside an operating loss of RMB 630,586,000 and a net loss of RMB 608,925,000. Despite these losses, the adjusted net loss showed an improvement, decreasing to RMB 117,265,000. The announcement highlights significant financial adjustments, including share-based payment expenses and impairment losses, indicating ongoing challenges in maintaining profitability.

More about Qingdao AInnovation Technology Group Co. Ltd Class H

Qingdao AInnovation Technology Group Co. Ltd Class H is a company incorporated in the People’s Republic of China, operating in the technology sector. The company focuses on developing innovative technology solutions, although specific products or services are not detailed in the announcement.

YTD Price Performance: -29.55%

Average Trading Volume: 15,691,060

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.32B

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