Core Viewpoint - CCSC Technology International Holdings Limited reported a 22.9% increase in revenue for the first six months of fiscal year 2025, despite a net loss of $0.74 million, highlighting growth in sales volume and strategic expansion plans [21][22][23]. Revenue Performance - Total revenue reached $9.2 million for the six months ended September 30, 2024, up from $7.5 million for the same period last year, driven by increased sales volume [24][26]. - Revenue from cables and wire harnesses increased by 24.9% to $8.6 million, while revenue from connectors remained stable [25][26]. Regional Revenue Breakdown - Revenue from Europe increased by 29.7% to $5.6 million, primarily due to sales growth in Denmark and Bulgaria [27]. - Revenue from Asia rose by 14.6% to $2.7 million, with notable increases in Hong Kong and ASEAN regions [28]. - Revenue from the Americas grew by 9.9% to $0.9 million, mainly attributed to sales increases in Northern America [21][27]. Cost and Profit Analysis - Cost of revenue increased by 23.9% to $6.5 million, aligning with the revenue growth [3]. - Gross profit rose by 20.5% to $2.7 million, with a gross profit margin of 29.8%, slightly down from 30.4% the previous year [6][7][23]. Operating Expenses - Operating expenses surged by 38.5% to $3.6 million, driven by increased selling and administrative expenses, including costs related to market expansion and compliance following the IPO [8]. Net Income and Loss - The company reported a net loss of $0.7 million for the six months ended September 30, 2024, compared to a net income of $0.4 million for the same period last year [11][23]. Future Outlook - The company plans to establish a new supply chain management center in Serbia to enhance operations in Europe, with completion expected by Q4 2025 [22].
CCSC Technology International Holdings Limited Reports Financial Results for the First Six Months of Fiscal Year 2025 Ended September 30, 2024