Fuxing China Group Reports 15.6% Revenue Increase in Mainland China; Net Income Swings to $0.6M Loss for Fiscal Year Ending March 2025
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Fuxing China Group Limited reported a 15.6% revenue increase in Mainland China for the fiscal year ending March 31, 2025. However, the company faced a net loss of approximately $0.6 million, a significant decline from a profit of $1.1 million in the previous fiscal year. The decrease in net income was about $1.6 million, or 154.3%. The company specializes in zipper product manufacturing and operates under a 25% income tax rate in China. No major updates on business operations were provided.
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