Canny Elevator Co., Ltd. Class ASZSE: 002367

Canny Elevator: Revenue and profit fell, but margins improved and service business is a key growth focus

· Issued by Canny Elevator Co., Ltd. Class A

Revenue and net profit declined year-over-year due to weak real estate demand, but gross margin and net profit margin improved. The company is focusing on expanding service and maintenance, maintaining a strong order backlog, and managing risks amid industry transformation.

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