Computime Group's Fiscal Resilience and Innovation Drive

Computime Group Limited, a leading technology, brand, and manufacturing company specializing in smart and sustainable living solutions, has unveiled its annual financial performance for the year ending on March 31, 2024.

Despite a 4.0% decrease in revenue to HK$4,037.8 million, Computime achieved a higher gross profit margin of 15.6% through operational efficiency improvements and favorable exchange rates. The company's profit before tax soared by 242.7% to HK$107.6 million, resulting in a post-tax profit of HK$83.9 million, triple that of the previous year. Adjusted EBITDA also rose by 13.2% to HK$333.9 million.

Computime's Control Solutions segment faced a minor revenue decline but improved profit margins, while the Branded Business segment encountered a 19.0% drop in revenue. However, strategic growth initiatives, such as expansion into Eastern Europe and the introduction of new product platforms, are underway.

The company's global R&D team, consisting of 200 engineers, is spearheading innovation in various centers worldwide. By leveraging AI and sustainability, Computime aims to enhance energy and water management efficiency.

Amid the challenges posed by the COVID-19 pandemic, Computime has established manufacturing hubs in multiple countries to strengthen its supply chain resilience. The company remains steadfast in its commitment to smart and sustainable living technologies, striving to set industry standards in interoperability and user experience.

Chairman and CEO, Mr. Bernard AUYANG, highlighted Computime's focus on innovation, sustainability, and global influence. The company's vision is to make smart living accessible to all, promoting connected, efficient, and environmentally conscious lifestyles.

Computime Group Limited's fiscal year 2024 results showcase its resilience and commitment to driving innovation in the smart living sector. With a strong emphasis on sustainability and global impact, Computime continues to lead the way in creating a more connected and environmentally friendly future for all.