Summary by Moomoo AI
As of September 30, 2024, for the six months period, PudaTech's revenue was HKD 162 million, a decline of 52% year-on-year. Among them, equipment sales revenue decreased to HKD 72.54 million, while crude oil product sales revenue increased to HKD 84.67 million. Gross profit fell to HKD 29.75 million, and the loss during the period widened to HKD 165 million. Management pointed out that the revenue decline was primarily due to the sluggish photovoltaic industry and project delays. The company has made progress in the semiconductor equipment field, with multiple customer orders for the CUBE/QUADRA single wafer cleaning equipment and completion of R&D for LPCVD equipment. Looking ahead, the company plans to continue technological innovation and market expansion, expecting ongoing optimization of R&D and fixed costs. The company holds HKD 469 million in unconfirmed order reserves and is actively expanding the market to secure new orders.
