Summary by Futu AI
China C Highprecision Automation Group Limited ("China C Highprecision") announced the full-year performance for the year ending June 30, 2024, showing a 1.6% decrease in revenue compared to last year, a 52.9% increase in operating losses, a 44.3% increase in the loss attributable to owners of the company, with basic and diluted losses per share of 3.16 RMB. The company mainly engages in manufacturing and selling high-precision industrial automation instruments and technical products, and provides related entrusted processing services. As its key subsidiary operates in China, the consolidated financial statements of the group are denominated in RMB. During the reporting period, the company faced impacts from the macroeconomic situation, reduced downstream market demand, and intensified market competition, leading to increased operating pressure. Nevertheless, the company actively responded by promoting technological innovation and new product development to meet market demand. The company is registered in the Cayman Islands and its shares are listed on the main board of the Hong Kong Stock Exchange.