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Leadway Tech (02086.HK) has signed a cooperation agreement with China State Grid.
Leadway Tech (02086.HK) announced on August 20 that the company (through its indirectly wholly-owned subsidiary Longjie Guangdong) and China Fortune Land Development Co., Ltd. have entered into a cooperation agreement on August 20, 2024. Under the agreement, the contracting parties agree to cooperate and jointly develop a smart technology project at the site to promote contactless readers, fintech, and intelligent solutions for daily life. The site refers to the land located at No. 2 Haining Road, Shatian Town, Dongguan City, Guangdong Province, China, together with the two office buildings built on the land.
Leadway Tech (02086) plans to develop a smart technology project with China Zhongzhao at Dongguan Port in the Greater Bay Area.
Leadway Tech (02086) announced that on August 20, 2024, the company (through its indirect wholly-owned subsidiary Long...
Express News | Leadway Technology Investment- Under Deal, Parties to Jointly Develop Smart Technology Project in Guangdong Province
Express News | Leadway Technology Investment - Unit and Guangdong Zhong Zhao Industrial Entered Into a Cooperation Agreement
Leadway Technology Turns to H1 Profit
Leadway Tech released its interim performance. Shareholders' attributable surplus increased to HKD 2.105 million year-on-year, turning losses into profits.
Leadway Tech (02086) released its half-yearly results ending on June 30, 2024, achieving revenue of HKD 47.21 million, up 3.58% year-on-year. The company's equity holders are entitled to a net profit of HKD 2.105 million for the period, compared to a net loss of HKD 4.363 million for the same period last year. Basic earnings per share are 0.659 HK cents. The announcement states that the positive revenue growth can be attributed to several factors. In the first half of 2024, the group won a new government bid, significantly increasing its source of income. This indicates that the group continues to have the capability of undertaking major contracts to improve its financial performance.
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