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TECHNOVATOR: Interim Report 2024
Technovator Reports Increased Mid-Year Losses
The performance of technovator (01206.HK) has expanded its mid-year losses to 69.56 million RMB.
Technovator (01206.HK) announced its interim results for the six months ended in June, with revenue recorded at 0.513 billion RMB (same below), a year-on-year decrease of 8.8%. The loss expanded from 14.77 million yuan in the same period last year to 69.56 million yuan, with a loss per share of 8.89 cents. No interim dividend will be distributed.
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%.
On August 29, Geelong International reported that in the first half of 2024, due to the impact of the market environment and adjustments in government investment policies, some investment projects were delayed, resulting in corresponding orders being postponed to the second half of the year for signing and execution, leading to a declining trend in revenue scale during the period. The group achieved approximately RMB 0.513 billion in revenue 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 gross margin level to consolidate its market position, resulting in a significant decline in overall profit. In addition, the group actively adjusted its operational 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
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