SIM Technology Group (HK:2000) has released an update.
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SIM Technology Group Limited reported significant growth in its core business revenue for August 2024, with an 83.4% increase compared to July 2024 and a 78.2% increase compared to August 2023. However, the company experienced a 30.4% decrease in total unaudited revenue for the first eight months of 2024 compared to the same period in the previous year, attributed to heightened industry competition. The company’s core business includes original design manufacturing of handsets, IoT terminals, and automotive intelligent products, while property management constitutes its non-core business.
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