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Xuan Wu Cloud Technology Holdings Limited ( (HK:2392) ) has issued an update.
Xuan Wu Cloud Technology Holdings Limited announced its annual results for the year ended December 31, 2024, reporting a 10.1% decrease in revenue compared to the previous year. Despite the revenue decline, the company achieved a significant turnaround with a profit attributable to owners of the company amounting to RMB 6,914,000, a notable improvement from the loss of RMB 72,364,000 in 2023. This positive shift is attributed to improved operating gains and reduced expenses, positioning the company more favorably in the competitive cloud technology market.
More about Xuan Wu Cloud Technology Holdings Limited
Xuan Wu Cloud Technology Holdings Limited is a company incorporated in the Cayman Islands, operating in the technology sector. It focuses on cloud technology solutions, providing services that cater to various business needs in the digital transformation landscape.
YTD Price Performance: 16.28%
Average Trading Volume: 294,767
Technical Sentiment Signal: Sell
Learn more about 2392 stock on TipRanks’ Stock Analysis page.