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Welife Technology Limited ( (HK:1703) ) has issued an update.
Welife Technology Limited announced its annual results for the year ended 31 March 2025, revealing a significant decrease in revenue by approximately 46% to HK$227.6 million compared to the previous year. The company reported a loss of HK$32.0 million, a stark contrast to the profit of HK$28.8 million in the previous year, and decided not to recommend a final dividend for the year. These financial results indicate a challenging year for the company, potentially impacting its market position and stakeholder confidence.
More about Welife Technology Limited
Welife Technology Limited, incorporated in the Cayman Islands, operates in the technology sector, focusing on providing innovative solutions and services. The company is listed on the Hong Kong Stock Exchange under the stock code 1703.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$55.2M
Find detailed analytics on 1703 stock on TipRanks’ Stock Analysis page.