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Shanghai Voicecomm Reports Strong Revenue Growth Amidst Annual Loss

Story Highlights
  • Shanghai Voicecomm saw a 15.8% increase in revenue and a 56.9% rise in gross profit.
  • Despite losses, the company improved its adjusted net profit by 28.6% and expanded its project pipeline.
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Shanghai Voicecomm Reports Strong Revenue Growth Amidst Annual Loss

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Shanghai Voicecomm Information Technology Co Ltd Class H ( (HK:2495) ) has shared an announcement.

Shanghai Voicecomm Information Technology Co Ltd Class H reported a significant increase in revenue and gross profit for the year ended December 31, 2024, with a 15.8% rise in revenue and a 56.9% increase in gross profit. Despite these gains, the company experienced a substantial loss for the year, although its adjusted net profit showed a 28.6% improvement. The company also saw a notable increase in the number of ongoing projects and the outstanding contract sum, indicating strong market demand and a robust project pipeline.

More about Shanghai Voicecomm Information Technology Co Ltd Class H

Shanghai Voicecomm Information Technology Co Ltd Class H operates in the technology sector, focusing on enterprise-level solutions and products powered by conversational AI technologies. The company is primarily engaged in providing innovative solutions to enhance communication and operational efficiency for its clients.

YTD Price Performance: 28.40%

Average Trading Volume: 19,339

Technical Sentiment Signal: Strong Sell

Learn more about 2495 stock on TipRanks’ Stock Analysis page.

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