Summary by Moomoo AI
POWERWIN TECH Group's revenue for the fiscal year 2024 decreased by 37.4% year-on-year to 13.46 million USD, and net profit plummeted by 92.1% to 0.54 million USD. The net profit margin fell from 33.4% in the previous year to 4.0%. The decline in revenue was mainly influenced by intensified competition in Digital Marketing Services. Since the beginning of 2024, the group has reduced Account management fees and increased rebate rates for certain customers to maintain competitiveness.Among the group's various Business Sectors, standardized Digital Marketing revenue decreased by 42.8% to 5.58 million USD, while customized Digital Marketing revenue fell by 55.0% to 3.13 million USD. Revenue from SaaS-based Digital Marketing Services, however, grew by 92.8% to 2.8 million USD, primarily due to the transformation of customized services to the...Show More
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