Summary by Moomoo AI
LK Tech Group Limited announced its annual performance for the year ended March 31, 2024, with a slight decrease of 1.0% in revenue to HKD 5,837,373, gross margin increased slightly to 27.2%, but operating profit and net profit fell by 2.8% and 2.7%, respectively. Basic and diluted earnings per share fell by 8.8% to 35.3 HK cents. Total assets increased significantly by 27.7% to HKD 10,905,823, and cash and cash equivalents increased significantly by 292.4% to HKD 2,375,176. The company has developed its business in die-casting machines, injection molding machines, and CNC machining centers, with significant growth in injection molding machine business, up 19.7%. The company actively invests in research and development, with R&D expenditure increasing to HKD 214 million, a year-on-year increase of 58.3%, and the number of R&D personnel...Show More