Fullshare Holdings ( (HK:0607) ) has provided an update.
Fullshare Holdings Limited reported its annual results for the year ended December 31, 2024, revealing a significant financial downturn. The company experienced a substantial loss of RMB 7,325,350,000, compared to a loss of RMB 455,449,000 in the previous year. This decline is attributed to impairment losses in the new energy segment and increased finance costs. The comprehensive loss for the year was RMB 7,702,401,000, with a notable impact on equity shareholders and non-controlling interests. Despite efforts in research and development, the company’s operating loss and reduced revenue highlight the challenges faced in the current market environment.
More about Fullshare Holdings
Fullshare Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the new energy sector. The company focuses on providing products and services related to this industry, with a market presence that includes various subsidiaries.
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