Summary by Futu AI
SANERGY GROUP announced the financial results for the 2024 fiscal year, with revenue of 0.57 billion yuan, a year-on-year decline of 21.2%; transitioning from profit to a net loss of 17.25 million yuan compared to a profit of 0.841 million yuan in the same period last year. The gross margin significantly dropped from 1.2% to -30.3%.Revenue in the EMEA region was 0.329 billion yuan, accounting for 57.8% of total revenue; revenue from the Asia-Pacific region was 0.105 billion yuan, while the Americas region generated 16.2 million yuan. Among the main Business segments, revenue from Category A products was 0.115 billion yuan, and revenue from Category B products was 7.466 million yuan.Management stated that the decline in performance was mainly affected by the slowdown of the Global economy and weak market demand. The company continues to optimize its product structure, strengthen cost control, and actively explore new market opportunities. In the future, the focus will be on the development of core Business, enhancing operational efficiency.
