COMBA: ANNUAL REPORT 2024

COMBA announced its financial performance for the year 2024, with revenue falling by 24.3% to 4.528 billion HKD, resulting in a net loss of 0.564 billion HKD compared to a profit of 6.7 million HKD in 2023. Gross profit decreased by 29.6% to 1.171 billion HKD, and research and development expenditure was 0.409 billion HKD.In terms of business segments, Base Station Antenna and subsystem revenues accounted for 42.2%, network systems for 19.3%, service business for 20.7%, and wireless transmission and Other business for 13.9%. The company terminated the listing plan of Kangbai Network on the Star in Shanghai and repurchased the relevant redeemable preferred shares.To strengthen its capital position, the company signed a new share subscription agreement in February 2025, expecting to raise approximately 0.372 billion HKD. The company also implemented a new...Show More

COMBA announced its financial performance for the year 2024, with revenue falling by 24.3% to 4.528 billion HKD, resulting in a net loss of 0.564 billion HKD compared to a profit of 6.7 million HKD in 2023. Gross profit decreased by 29.6% to 1.171 billion HKD, and research and development expenditure was 0.409 billion HKD.In terms of business segments, Base Station Antenna and subsystem revenues accounted for 42.2%, network systems for 19.3%, service business for 20.7%, and wireless transmission and Other business for 13.9%. The company terminated the listing plan of Kangbai Network on the Star in Shanghai and repurchased the relevant redeemable preferred shares.To strengthen its capital position, the company signed a new share subscription agreement in February 2025, expecting to raise approximately 0.372 billion HKD. The company also implemented a new stock option plan and share incentive plan in May 2023. In terms of risk management, the company is actively addressing MMF risks, particularly the fluctuations in the Exchange Rates of the USD and RMB, while also focusing on the concentration risk of credit, as accounts receivable from the top five customers account for 59%.