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Canny Elevator: Revenue and profit fell, but gross margin rose amid sector headwinds and unresolved asset risks

Canny Elevator: Revenue and profit fell, but gross margin rose amid sector headwinds and unresolved asset risks

Canny Elevator Co., Ltd. Class AOctober 28, 20245
Canny Elevator: Revenue and profit fell, but gross margin rose amid sector headwinds and unresolved asset risks

About this update from Canny Elevator Co., Ltd. Class A

Revenue and net profit declined sharply year-over-year due to real estate sector weakness, but gross margin improved. Significant overdue wealth management assets remain unresolved, and cash flow was under pressure despite ongoing large infrastructure contracts.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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