Sunfonda Group Holdings Ltd. (HK:1771) has released an update.
Sunfonda Group Holdings Ltd. reported a significant downturn in their 2024 interim financial results, with revenue dropping by 14.3% and a shift from a profit of RMB 8.2 million in 2023 to a loss of RMB 96.9 million. The company saw a decrease in new vehicle sales and after-sales services revenue, although used car sales revenue increased by 20.2%. The loss per share for the owners of the company also moved from earnings of RMB 0.01 to a loss of RMB 0.16.
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