Summary by Moomoo AI
In 2024, TONGDA GROUP's revenue decreased by 14.3% from 6.52 billion HKD in the same period last year to 5.59 billion HKD. The net loss attributable to the owners of the company increased by 220.6% from 1.23 billion HKD in the same period last year to 3.94 billion HKD. The loss widened mainly due to the need to make impairment provisions of approximately 1.98 billion HKD and 0.11 billion HKD for fixed assets and investments in associates, respectively, as well as an impairment provision of 0.27 billion HKD for amounts receivable from a jointly controlled entity.The revenue from the Consumer electronics structural components business decreased by 19.5% to 4.54 billion HKD, accounting for 81.1% of total revenue. In contrast, the revenue from the home and Sporting Goods business grew by 19.0% to...Show More
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