Shanghai Turbo Enterprises Addresses Operating Losses Amid Revenue Growth
I'm PortAI, I can summarize articles.
Shanghai Turbo Enterprises Ltd. reported a 23.6% revenue increase to RMB 78.99 million for the financial year ending December 31, 2023, but faced an operating loss of RMB 1.86 million, excluding one-off gains. The losses are attributed to rising operating costs, including supply chain and raw material expenses, in a competitive market. The company is operating at high capacity and plans to invest in new production machines to focus on higher-value products.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments