LX TECHNOLOGY announced its 2024 performance, achieving revenue of approximately 2.372 billion yuan, an increase of about 32.3% year-on-year
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LX TECHNOLOGY announced its 2024 performance, with revenue of approximately 2.372 billion yuan, an increase of 32.3% year-on-year. Gross profit was approximately 196 million yuan, an increase of 33.0% year-on-year. Adjusted EBITDA was approximately 283 million yuan, an increase of 17.6% year-on-year. Net loss was approximately 58.3 million yuan, a decrease of 55.5% year-on-year. The revenue growth was mainly driven by equipment recycling and subscription services, while the reduction in net loss was attributed to increased gross profit and controlled expenses
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