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Stock impact report

CCSC Technology International Holdings Limited Reports Financial Results for the First Six Months of Fiscal Year 2024

CCSC Technology International Holdings Limited (CCTG) 
Company Research Source: PR Newswire
HONG KONG, Feb. 23, 2024 /PRNewswire/ -- CCSC Technology International Holdings Limited (the "Company" or "CCSC") (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced its unaudited financial results for the first six months of fiscal year 2024 ended September 30, 2023.Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, "During the first six months of fiscal year 2024, amidst macroeconomic uncertainties and rising supply chain costs, our revenue and gross profit decreased from the same period of last year; however, our gross margin remained stable despite the challenging environment. Furthermore, in January 2024, we completed our initial public offering and listing on the Nasdaq Capital Market under the ticker symbol "CCTG", which we expect to enhance our competitiveness globally. Looking forward, we plan to strategically focu Show less Read more
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