No Data
No Data
HK stocks surged | Xuanwu Cloud (02392) rose nearly 11%, and the revenue forecast for the first half of the year increased by more than 20%. The company's profitability has significantly improved.
Xuanwu Cloud (02392) rose nearly 11%, as of press time, up 10.94%, at HKD 0.71.
Xuan Wu Cloud Announces Positive Profit Alert
Xuanwu Cloud (02392.HK) is expected to see a strong increase of 20%-25% in revenue in the first half of the year, with significant improvement in profit.
On July 29th, Grlean announced that the group is expected to reduce its net loss by 60% to 70% for the six months ending June 30, 2024, while a net loss of approximately RMB 20.2 million was recorded for the same period in 2023. The board of directors believes that the expected reduction in net loss during the reporting period is mainly attributable to the strict cost control measures implemented by each business unit, with significant cost reduction and efficiency improvement results. The group expects revenue to increase by 20% to 25% during the reporting period, with revenue of approximately RMB 0.53 billion in the same period in 2023, mainly driven by the strong performance of the group's SaaS business unit.
Express News | Xuan Wu Cloud Technology Sees Increase in Revenue of Range of 20% to 25% for Hy
Express News | Xuan Wu Cloud Technology Holdings Ltd Sees Reduction in Net Loss by 60% to 70% for Hy
XUANWU CLOUD: PROFIT ALERT - REDUCTION IN LOSS
No Data