---
title: "Shanghai Turbo Enterprises Addresses Operating Losses Amid Revenue Growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/254412787.md"
description: "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."
datetime: "2025-08-25T10:12:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/254412787.md)
  - [en](https://longbridge.com/en/news/254412787.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/254412787.md)
---

# Shanghai Turbo Enterprises Addresses Operating Losses Amid Revenue Growth

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An update from Shanghai Turbo Enterprises Ltd. ( (SG:AWM) ) is now available.

Shanghai Turbo Enterprises Ltd., a company incorporated in the Cayman Islands, has announced its responses to questions from the Securities Investors Association (Singapore) ahead of its Annual General Meeting. Despite a 23.6% increase in revenue to RMB 78.99 million for the financial year ended December 31, 2023, the company reported an operating loss of RMB 1.86 million when excluding one-off gains. The company attributes these losses to rising operating costs, including supply chain and raw material expenses, amidst a competitive business climate. Additionally, the company’s manufacturing facilities have been operating at high capacity, necessitating the addition of new production machines to focus on higher-value products.

**More about Shanghai Turbo Enterprises Ltd.**

**Technical Sentiment Signal:** Sell

**Current Market Cap:** S$30.52K

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