SIM Technology Group (HK:2000) has released an update.
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SIM Technology Group reported an 18% increase in total revenue for November 2024 compared to October 2024, driven largely by a significant rise in core business sales. However, the company’s total revenue for the first eleven months of the year dropped by nearly 24% from the previous year due to heightened industry competition. The core business, which includes the ODM of handsets and IoT terminals, saw stable performance compared to the same month last year.
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