Tesson Holdings (01201) released its six-month performance ending on June 30, 2024. The revenue was HKD 36.476 million, a year-on-year decrease of 48.1%. The company's attributable loss to owners was HKD 83.726 million, a year-on-year increase of 203.1%. The basic loss per share was HKD 4.24 cents.
Tesson Holdings (01201) released its six-month performance ending on June 30, 2024. The revenue was HKD 36.476 million, a year-on-year decrease of 48.1%. The company's attributable loss to owners was HKD 83.726 million, a year-on-year increase of 203.1%. The basic loss per share was HKD 4.24 cents.
The overall performance of the industry has been poor and has put pressure on the group. During the period, the group has adjusted product prices to cater to industry trends. However, with the current production scale, the group cannot enjoy the advantage of large-scale production like other well-known lithium-ion battery manufacturers in China. In the first half of 2024, the group's sales decreased by HKD 33.9 million. Due to the downturn in the market, the capacity optimization plan for some factories has also been postponed.