Shanghai Voicecomm Information Technology Co Ltd Class H (HK:2495) has released an update.
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Shanghai Voicecomm Information Technology Co., Ltd. reports a 32.2% revenue increase to RMB 371.2 million in the first half of 2024 compared to the same period in 2023, driven by customer retention and business expansion. However, the company’s gross profit margin fell by 5.5 percentage points due to new projects with initial hardware sales, and a significant decrease in adjusted net profit by 39.2% was attributed to rising R&D and other expenses.
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