Core Viewpoint - The company, Haitai-A (HKIT), experienced a stock price increase of 3.48% on August 4, reaching $1.59 per share, with a total market capitalization of $46.586 million. However, financial data indicates a significant decline in revenue and net profit for the fiscal year ending December 31, 2024, highlighting potential challenges ahead for the company [1]. Financial Performance - As of December 31, 2024, Haitai-A reported total revenue of $2.905 million, representing a year-over-year decrease of 36.35% [1]. - The company's net profit attributable to shareholders was -$896,700, reflecting a dramatic year-over-year decline of 185.59% [1]. Business Overview - Haitai Global is an IT consulting and solutions service provider focused on serving various industries in China. The company operates two main business lines: 1. Services for small and medium-sized enterprises (SMEs), which include anti-counterfeiting tax control systems (ACTCS), ACTCS services, and IT services. 2. Services for large enterprises, encompassing hardware and software sales [1]. - The company aims to actively develop its system integration services and online service platform in the near future, with a vision to become a one-stop consulting destination for IT and other business consulting services in China [1].

Core Insights - The stock of Haitian-A (HKIT) increased by 2.35% on August 1, reaching $1.453 per share with a total market capitalization of $42.58 million [1] - For the fiscal year ending December 31, 2024, Haitian-A reported total revenue of $2.905 million, a year-on-year decrease of 36.35%, and a net profit attributable to shareholders of -$0.8967 million, reflecting a year-on-year decline of 185.59% [1] Company Overview - Haitian Global Company is an IT consulting and solutions service provider focused on serving various industries in China [1] - The company operates two main business lines: 1) services for small and medium-sized enterprises (SMEs), including anti-counterfeiting tax control systems (ACTCS), ACTCS services, and IT services; 2) services for large enterprises, which include hardware and software sales [1] - The company aims to actively develop its system integration services and online service platform in the near future, with a vision to become a one-stop consulting destination for IT and other business consulting services in China [1]