Revenue decreased by 6.9% year on year to US$58.4 million. Gross profit was US$11.2 million, with a gross margin of 19.2%, and the company reported a net loss of approximately US$0.4 million.

Operating cash flow increased by approximately 75% to US$4.4 million. Bank borrowings stood at US$18.9 million at year-end, down approximately US$3.4 million from the preceding year.

The announcement also reviewed the acquisition of INNEOVA Engineering, the PSA overhaul tender, hydrogen cooperation and the subsequent XCMG distribution partnership. Read the full company announcement and annual report for the complete financial context.

Read The Original Source

This is a summary of a published company announcement. For complete information, refer to the original disclosure.

Company Announcement