CCSC Tech reported a 22.9% revenue increase to $9.2 million for the first six months with a net loss of $0.7 million. An IPO was completed, a supply chain center planned in Serbia, and revenue increased in Europe, Asia, and the Americas. Operating expenses increased by 38.5% to $3.6 million. Basic and Diluted (Loss)/Earnings per Share was $0.06.

Unusual Whales
2024.12.30 12:51
CCSC Technology International Holdings Limited, a Hong Kong-based company, reported a 22.9% increase in revenue to $9.2 million for the first six months of fiscal year 2025 ended September 30, 2024, compared to $7.5 million from the same period the previous year. Despite a net loss of $0.74 million, the company's gross profit rose by 20.5% to $2.7 million, with a gross profit margin of 29.8%. The increase in revenue was primarily driven by sales of cables and wire harnesses in Europe, Asia, and the Americas. The company plans to focus on expanding into high-growth industries and establishing a new supply chain management center in Serbia by Q4 2025. Operating expenses increased by 38.5% to $3.6 million, and net loss was $0.7 million, marking a decrease from the net income of $0.4 million from the previous year.