eLong Power Holding Ltd. released its annual report for the fiscal year ending December 31, 2024, showing a significant decrease in revenues. The company's revenues dropped by 87.5% to $0.4 million, compared to $3.2 million in the previous year. The cost of revenues also declined by 63.9% to $1.3 million from $3.6 million. Additionally, the cost of revenues related to idle capacity decreased by 25.7%, amounting to $2.6 million, down from $3.5 million in 2023. As a result, the company reported a gross loss of $3.5 million, representing a 10.3% decrease from the previous year's loss of $3.9 million. The company operates as a single business segment, with all revenues generated and long-lived assets located in the People's Republic of China (PRC). eLong Power Holding Ltd. has streamlined its operations to optimize resource allocation and business decisions. However, the report does not provide specific guidance or outlook for the future financial performance.