Summary by Moomoo AI
USPACE TECH announced its annual performance for the year ending December 31, 2024. The group reported an operating revenue of approximately RMB 315.8 million, a decrease of 32.7% compared to the same period in 2023; the gross profit was approximately RMB 48.1 million, a reduction of 11.4% year-on-year; the annual loss widened from RMB 222.8 million in 2023 to RMB 265.3 million. The basic and diluted loss per share was approximately RMB 0.519.The decline in revenue was mainly due to decreased demand for PCBAs and fully assembled electronics in the EMS business. Revenue from PCBAs fell by 21.6% to RMB 230.7 million, while revenue from fully assembled electronics declined by 51.3% to RMB 85.1 million. During the period, the group recorded an impairment loss of RMB 87.9 million on properties, plants, and equipment...Show More
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