Summary by Moomoo AI
Xinshi Technology announced its performance for the fiscal year 2024, with continuing operating business revenue of 1.5694 billion HKD, a year-on-year decrease of 44.6%; gross profit recorded 44.2 million HKD, a significant year-on-year increase of 325.7%; the company achieved a net profit of 56.3 million HKD, successfully turning around from a net loss of 0.2887 billion HKD in 2023. The basic earnings per share were 11.66 HKD cents.At the beginning of 2024, the company completed two major asset sales, selling New Fire Technology Co., Ltd. for 0.2057 billion HKD and HBTPower for 52 million HKD. In the Cryptos business, the company holds 96.3 million HKD in Cryptos assets and manages 31.2 million HKD in Cryptos investments while launching the Xinshi Delta neutral Algo arbitrage sub-fund. The Asset Management...Show More
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