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Ruihe Data Technology Announces Positive Profit Turnaround

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Ruihe Data Technology Announces Positive Profit Turnaround

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Suoxinda Holdings Limited ( (HK:3680) ) has issued an update.

Ruihe Data Technology Holdings Limited has announced a significant financial turnaround, expecting to shift from a loss of approximately RMB36 million in the first half of 2024 to a profit of RMB43-44 million for the same period in 2025. This improvement is attributed to gains from financial investments and cost reduction measures, enhancing the company’s market position and operational efficiency.

More about Suoxinda Holdings Limited

Ruihe Data Technology Holdings Limited operates in the technology sector, focusing on data solutions, sales of hardware and software, integrated services, IT maintenance and support services, and commodity trading.

Average Trading Volume: 1,933,784

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.41B

Learn more about 3680 stock on TipRanks’ Stock Analysis page.

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