SIM Technology Group Ltd. Reports 37.1% Increase in Total Revenue for May 2025 Driven by Core Business Performance

Reuters
06-10
SIM Technology Group Ltd. Reports 37.1% Increase in Total Revenue for May 2025 Driven by Core Business Performance

SIM Technology Group Ltd. has released its unaudited monthly revenue figures for May 2025. The Group reported a total revenue of HK$35.3 million for May, representing a 37.1% increase compared to HK$25.8 million in April 2025. This increase was driven by a significant rise in revenue from the core business, which includes ODM of handsets and IoT terminals, as well as automotive intelligent products. Core business revenue rose by 44.4% from HK$22.2 million in April to HK$32.0 million in May. However, revenue from non-core business, primarily consisting of rental income, slightly decreased by 7.9% from HK$3.6 million to HK$3.3 million. When compared to the same month last year, revenue from the core business in May 2025 showed a modest increase of 3.9%, totaling HK$32.0 million compared to HK$30.9 million in May 2024. For the first five months ending 31 May 2025, the Group's total unaudited revenue reached HK$176.0 million, marking a 24.6% increase from HK$141.3 million in the same period of the previous year. This growth is attributed to adjustments in the delivery schedule of customer purchase orders. The Group's non-core business, which encompasses property management, remained relatively stable compared to the previous month. The company has not provided an outlook or guidance in this announcement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SIM Technology Group Ltd. published the original content used to generate this news brief on June 10, 2025, and is solely responsible for the information contained therein.

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