IBO TECH announced that for the fiscal year 2024, the loss attributable to the company's owners is expected to be approximately 804 million yuan, an increase of about 2.3 times year-on-year
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IBO TECH announced its full-year results for the period ending March 31, 2024, with revenue of approximately 199 million yuan, a year-on-year decrease of 78.1%. The loss attributable to the company's owners was approximately 804 million yuan, a year-on-year increase of about 2.3 times. The loss was primarily due to a significant decline in sales of smart terminal products and negative impacts arising from the liquidation application. The main reasons for the loss include impairment provisions for receivables from subsidiaries, rising sales costs, and credit impairment losses
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