Summary by Futu AI
LK Tech Group Limited announced its full-year performance as of March 31, 2024. Revenue slightly declined by 1.0% to HKD 5,837,373, gross margin slightly increased to 27.2%, but operating profit and net profit decreased by 2.8% and 2.7%, respectively. Basic and diluted earnings per share decreased by 8.8% to HKD 0.353. Total assets significantly increased by 27.7% to HKD 10,905,823, cash and cash equivalents increased significantly by 292.4% to HKD 2,375,176. The company has developed in various business sectors such as die-casting machines, injection molding machines, and CNC machining centers, especially injection molding machine business which grew significantly by 19.7%. The company actively invests in research and development, with R&D investment increased to HKD 214 million, a YoY increase of 58.3%, and R&D personnel increased to 678 people. LK Tech also launched new technologies and products, such as the 16,000-ton super-intelligent die-casting unit, and achieved revenue growth in the global market, especially in the Americas. The company will continue to pursue its globalization 2.0 strategy, expand overseas markets and enhance profitability through diversified income structure.