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Ruihe Data Technology Holdings Limited Reports Revenue Growth Amidst Strategic Shift

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Ruihe Data Technology Holdings Limited Reports Revenue Growth Amidst Strategic Shift

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An update from Suoxinda Holdings Limited ( (HK:3680) ) is now available.

Ruihe Data Technology Holdings Limited reported a 2.7% increase in revenue for 2024, driven by a significant shift towards commodities trading, which now constitutes 33% of its revenue. Despite this growth, the company experienced a decrease in gross profit and margin due to the lower profitability of commodities trading, although operational optimizations led to a reduced net loss of RMB74,044,000, down 32.1% from the previous year.

More about Suoxinda Holdings Limited

Ruihe Data Technology Holdings Limited operates in the data technology industry, offering data solutions, commodities trading, and integrated hardware and software services.

YTD Price Performance: -18.80%

Average Trading Volume: 215,908

Technical Sentiment Signal: Buy

Current Market Cap: HK$627.8M

For detailed information about 3680 stock, go to TipRanks’ Stock Analysis page.

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