Hexin Technology (02440) announced its mid-term performance in 2024, with revenue of 31.05 million yuan, a year-on-year decrease of about 82.4%...
According to the announcement, the company's revenue decreased mainly due to concerns about cash flow and the uncertainty of the macroeconomic situation in the Internet of Things industry, which caused delays in customer projects and a decrease in revenue from data transmission and processing services. Additionally, there was insufficient customer demand, resulting in no sales of communications equipment during the reporting period and a decrease in equipment sales revenue.
Hexin Technology (02440) announced its mid-term performance in 2024, with revenue of 31.05 million yuan, a year-on-year decrease of about 82.4%; a net loss of 30.742 million yuan, compared to a net profit of 10.291 million yuan in the same period last year; a loss per share of 14.34 cents.
