Market Insight

2024.07.10 09:54

Market News SUN.KING TECH (00580) expects to swing to profit in 1H

(Infocast News) SUN.KING TECH (00580) expects to record a profit attributable to owners of the parent of approximately RMB30 million to RMB35 million for the six months ended 30 June 2024, which is a turnaround compared to the loss attributable to owners of the parent recorded in the same period in 2023, mainly due to the significant increase in revenue during the Reporting Period; and the increase in the proportion of revenue from high-margin products. This is the first time that the Company has recorded a profit attributable to owners of the parent since the same period in 2021. (WL)

Data Source：INF