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Risecomm Group Holdings Limited ( (HK:1679) ) just unveiled an update.
Risecomm Group Holdings Limited reported a 28.9% increase in revenue for the year ending December 31, 2024, reaching approximately RMB122.3 million. The company saw significant growth in its AMR segment, which increased by 58%, while its SMIA segment experienced a 43% decline. The net loss attributable to equity shareholders decreased to approximately RMB73.5 million from RMB138.5 million in the previous year, indicating an improvement in financial performance despite the challenges faced in some business segments.
More about Risecomm Group Holdings Limited
Risecomm Group Holdings Limited operates in the technology industry, focusing on automated meter reading (AMR), smart manufacturing and industrial automation (SMIA), and wind farm operation and maintenance (WFOM). The company is engaged in providing solutions that enhance efficiency in these sectors.
YTD Price Performance: -39.47%
Average Trading Volume: 313,728
Technical Sentiment Signal: Buy
Current Market Cap: HK$35.55M
See more insights into 1679 stock on TipRanks’ Stock Analysis page.