Summary by Futu AI
Productive Tech announced its performance for the year ended March 31, 2024. Compared with the previous fiscal year, the company’s comprehensive performance showed a slight increase in sales revenue to HKD 544 million, but the annual loss increased to HKD 362 million. The company's semiconductor equipment business made progress in the 2023 fiscal year, achieving new customer orders and successfully developing and shipping new copper plating equipment. In terms of solar cell equipment business, the NIAK4 platform equipment launched by the company gained market approval. In addition, the company's LPCVD equipment business is expected to enter the commercial production stage in the 2024 fiscal year. In the oil and gas business, Hongbo Mining's crude oil sales revenue decreased due to falling oil prices. The company did not distribute final dividends and repurchased and cancelled some shares in 2023. The company is committed to technological innovation and actively seeks new investment opportunities to expand its revenue base.