Wins Finance Holdings (WINSF) has released an update.
Wins Finance Holdings Inc. has reported a shift in its strategic focus towards the medical equipment sector, with sales reaching $33.44 million in the six months ending December 31, 2023, significantly up from the previous year. Despite this increase in sales, the company experienced a net loss of $2.1 million, which was attributed to low gross profit margins on medical equipment sales. Wins Finance also announced a share subscription agreement with investors, planning to divest its leasing business and strengthen its presence in China’s medical equipment market.
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