Summary by Moomoo AI
CORNERSTONE TEC's revenue for the year 2024 has significantly increased by 96% to 0.1531 billion HKD, a rise of 75 million HKD compared to 78.13 million HKD in 2023. Gross profit has grown by 91.8% to 27.28 million HKD, with a gross margin of 17.8%. Adjusted LBITDA losses have narrowed by 8.5% to 41.21 million HKD. Revenue from electric vehicle charging systems has increased by 106.2% to 64.77 million HKD, installation service revenue has grown by 54% to 60.28 million HKD, and charging revenue has surged by 326.3% to 23.88 million HKD.The company successfully entered the Thai market during the year, completing the acquisition of a 35.6% stake in Spark EV, becoming its major Shareholder. Spark EV, as Thailand's fastest-growing electric vehicle charging service provider, has established strategic partnerships with various auto brands, Online...Show More
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