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Revenues Not Telling The Story For Technovator International Limited (HKG:1206) After Shares Rise 25%
TECHNOVATOR: Interim Report 2024
Technovator [01206] is now trading at HKD 0.315, with a gain of 23.53%.
As of 15:09, Technovator [01206] reported a price of 0.315 Hong Kong dollars, an increase of 0.06 Hong Kong dollars or 23.53% compared to the closing price of 0.255 Hong Kong dollars yesterday. The turnover was 0.0308 million Hong Kong dollars, with a highest price of 0.315 Hong Kong dollars and a lowest price of 0.29 Hong Kong dollars today. The 10-day average price is 0.30 Hong Kong dollars and the 50-day average price is 0.29 Hong Kong dollars, resulting in a current P/E ratio of -1.97 times. The 14-day strength index is 50.00.
Technovator Reports Increased Mid-Year Losses
Technovator (01206.HK) had a revenue of approximately 0.513 billion yuan in the first half of the year, a year-on-year decrease of 8.8%.
Technovator (01206.HK) announced on August 29th that due to the impact of market conditions and adjustments in government investment policies, some investment projects have been delayed, resulting in the postponement of corresponding orders to the second half of the year for signing and execution, leading to a downward trend in revenue scale. The group achieved a revenue of approximately 0.513 billion yuan in the first half of the year, a year-on-year decrease of 8.8%. Due to more cautious investment decisions in the target market and increasingly fierce competition in the industry, the group maintained a relatively low level of gross margin to solidify its market position, resulting in a significant decline in overall profit. In addition, the group actively adjusted its operating strategy.
Technovator (01206) released its interim performance, with a net loss of 69.557 million yuan attributable to shareholders, a year-on-year increase of 370.87%.
Technovator (01206) announced in a statement that the group's revenue for the period reached 0.513 billion yuan (RMB, same below), the same as...
Subdued Growth No Barrier To Technovator International Limited (HKG:1206) With Shares Advancing 26%No Data
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