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The latest announcement is out from Rongta Technology (Xiamen) Group Co. Ltd. Class H ( (HK:9881) ).
Rongta Technology (Xiamen) Group Co., Ltd. has issued a profit warning, indicating an expected net loss of up to RMB7.0 million for the first half of 2025, compared to a net profit of RMB14.4 million in the same period last year. The loss is attributed to increased administrative expenses due to non-recurring listing costs, decreased revenue from project delays and product enhancements, and higher research and development expenses. Excluding listing expenses, the company anticipates a net profit of at least RMB9.5 million. Despite the financial setback, the company remains optimistic about its ongoing projects and sales efforts for the remainder of the year.
More about Rongta Technology (Xiamen) Group Co. Ltd. Class H
Rongta Technology (Xiamen) Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the technology sector. The company, along with its subsidiaries, focuses on developing projects with reputable customers and securing sales orders, indicating a market focus on innovation and customer-driven product enhancements.
Average Trading Volume: 581,505
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