Suoxinda Holdings Limited (HK:3680) has released an update.
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Suoxinda Holdings Limited reported a significant 49.4% revenue increase to RMB 181 million in the first half of 2024, driven by strategic business reorientation and expansion into new sectors such as commodity trading and IT innovation. Despite this growth, gross profit fell by 42.4% due to structural revenue adjustments and a shift in business focus, resulting in a net loss decrease of 38.8% to RMB 38.6 million. The company is pivoting towards promoting their more mature products, optimizing management models, and improving financial strategies to pave the way for future business development.
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