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Guangzhou Fangbang Electronics incurred losses again in 2024, but new progress has been made in product development and certification.
① According to financial data, the company has been in continuous loss for three years. Its net income for 2022 and 2023 were -68.02 million yuan and -68.67 million yuan respectively; ② Regarding the main reasons for the performance changes, Guangzhou Fangbang Electronics stated that it is mainly due to an increase in the sales volume of shielding films in 2024 compared to the previous year, but due to the overall cost reduction in the Industry Chain and intensified competition, the sales price of its shielding films has slightly decreased.
Fangbang Co., Ltd.: 2024 Annual Report Summary
Fangbang Co., Ltd.: 2024 Annual Report
2024 Annual Results Update Correction Notice
2024 Annual Report Summary
2024 ANNUAL REPORT
Guangzhou Fangbang Electronics Co.,Ltd's (SHSE:688020) 25% Share Price Plunge Could Signal Some Risk