SIM Technology Group Ltd. Reports 14.6% Drop in June 2025 Revenue Due to Delivery Adjustments

Reuters
07-15
SIM Technology Group Ltd. Reports 14.6% Drop in June 2025 Revenue Due to Delivery Adjustments

SIM Technology Group Ltd. has announced its unaudited monthly revenue for June 2025. The Group reported a total revenue of HK$30.2 million for the month, a significant decrease of 14.6% from May 2025's revenue of HK$35.3 million. The core business, comprising of the ODM of handsets, IoT terminals, and automotive intelligent products, saw a 16.2% decline in revenue, dropping from HK$32.0 million in May to HK$26.9 million in June. This decline is attributed to adjustments in delivery times by the Group's customers. In contrast, revenue from non-core business, primarily rental income from properties management, remained stable at HK$3.3 million, reflecting a marginal increase of 0.6% over the previous month. For the first half of the year ending on 30 June 2025, the Group's total unaudited revenue reached HK$206.1 million, marking a substantial increase of 12.1% compared to the same period the previous year. This growth is also linked to the adjustments in delivery schedules by the Group's customers. The announcement did not provide any specific outlook or guidance for future periods.

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 July 15, 2025, and is solely responsible for the information contained therein.

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