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...
TECHNOVATOR: 2024 INTERIM RESULTS ANNOUNCEMENT
Technovator Announces Top-Level Leadership Changes
Technovator (01206.HK): Li Chengfu has been appointed as a non-executive director and chairman of the board of directors.
Technovator (01206.HK) announced that Qin Xuzhong resigned as non-executive director, chairman of the board, member of the nomination committee, member of the remuneration committee, member of the risk management committee, and authorized representative of the company due to work arrangement adjustments, effective from August 26, 2024. Li Chengfu was appointed as non-executive director, chairman of the board, member of the nomination committee, member of the remuneration committee, member of the risk management committee, and authorized representative of the company, effective from August 26, 2024.
Express News | Technovator International - Qin Xuzhong Tendered Resignation as Chairman of Board
Technovator Announces Upcoming Board Meeting
Technovator (01206.HK) will hold a board of directors meeting on August 29 to approve its interim performance.
Technovator (01206.HK) announced on August 19th that the Board of Directors meeting will be held on August 29th, 2024 to consider and approve the mid-term performance of the company and its subsidiaries for the six months ending on June 30, 2024, as well as the publication, and to consider the payment of interim dividends (if any).
Technovator International to Widen Loss in H1
Technovator Expects Increased H1 2024 Losses
Technovator (01206) issued a profit warning, expecting to incur a loss of approximately 70 million to 80 million yuan in the midterm.
Technovator (01206) announced that the group expects to achieve approximately... by the end of June 30, 2024 in the next six months.
Express News | Technovator International - Expected Result Due to Delay in Project Investments, Others
Express News | Technovator International Sees Loss Ranging From RMB70 Mln to RMB80 Mln for Six Months
TECHNOVATOR: Annual Report 2023
Tongfang Tide (01206) announced the 2023 annual results. Shareholders' share loss of 101 million yuan changed year-on-year from profit to loss
Tongfang Tide (01206) disclosed the 2023 annual results announcement. The company achieved revenue of 1,838 billion yuan during the reporting period...
TECHNOVATOR: 2023 ANNUAL RESULTS ANNOUNCEMENT
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