Sentage Holdings Inc. reported its financial results, revealing a notable decline in revenues for the years 2022, 2023, and 2024. The company's total operating revenue from its prepaid payment network service was $161.372 million in 2022, dropping to $146.554 million in 2023, and further decreasing to $107.507 million in 2024. This consistent decline highlights the challenges faced by Sentage Operating Companies amid changing market conditions and demand. The prepaid payment network consulting services, which began in August 2019, faced significant market orientation changes, affecting the company's revenue streams. The Sentage Operating Companies' focus remains on managing these shifts and exploring new business directions to stabilize its financial performance. Key factors affecting the results include the effectiveness of risk management strategies and the impact of global and Chinese economic conditions. The company continues to navigate these challenges while aiming to adapt its business strategies accordingly.
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