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The latest update is out from Technovator International ( (HK:1206) ).
Technovator International Limited announced its annual results for the year ended December 31, 2024, revealing a significant increase in losses compared to the previous year. The company reported a loss of RMB 265,045,000, up from RMB 99,947,000 in 2023, primarily due to higher impairment losses on trade and other receivables and contract assets. Despite a slight decrease in revenue, the company’s financial performance was impacted by increased selling, distribution, and administrative expenses, affecting its profitability and market position.
More about Technovator International
Technovator International Limited, incorporated in Singapore, operates in the technology sector with a focus on providing innovative solutions and services. The company is listed on the Hong Kong Stock Exchange and engages in various operations through its subsidiaries.
YTD Price Performance: 27.78%
Average Trading Volume: 288,129
Technical Sentiment Signal: Hold
Current Market Cap: HK$269.9M
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