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An announcement from Sino-Entertainment Technology Holdings Limited ( (HK:6933) ) is now available.
Sino-Entertainment Technology Holdings Limited reported its financial results for the year ending December 31, 2024, showing a significant reduction in losses compared to the previous year. The company achieved a gross profit of RMB 1,791,000, a notable improvement from a loss of RMB 14,374,000 in 2023, despite an increase in administrative expenses and research and development costs. The reversal of impairment losses under the expected credit loss model contributed positively to the financial outcome, although the company still reported a net loss of RMB 29,068,000 for the year. This financial performance indicates a potential recovery trajectory, which may impact the company’s market positioning and stakeholder confidence.
More about Sino-Entertainment Technology Holdings Limited
Sino-Entertainment Technology Holdings Limited is a company incorporated in the Cayman Islands, operating within the entertainment technology industry. The company primarily focuses on developing and distributing entertainment software and related services.
YTD Price Performance: -14.50%
Average Trading Volume: 126,666
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$70.94M
Find detailed analytics on 6933 stock on TipRanks’ Stock Analysis page.