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An announcement from Sprocomm Intelligence Limited ( (HK:1401) ) is now available.
Sprocomm Intelligence Limited announced its annual financial results for the year ending December 31, 2024, reporting a revenue increase to RMB 2,917,434,000 from the previous year. However, the company experienced a decline in net profit to RMB 15,609,000 and a decrease in gross profit margin to 8.8%. These results indicate challenges in maintaining profitability despite revenue growth, which may impact stakeholder confidence and necessitate strategic adjustments to improve financial performance.
More about Sprocomm Intelligence Limited
Sprocomm Intelligence Limited is a company incorporated in the Cayman Islands, operating in the technology industry. It focuses on providing intelligent solutions and products, likely within the electronics or telecommunications sectors, though specific products or market focus are not detailed in the release.
YTD Price Performance: 16.98%
Average Trading Volume: 3,856,562
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.01B
Learn more about 1401 stock on TipRanks’ Stock Analysis page.