Guangzhou Haige Communications Group Incorporated Company: Net profit plunged on higher R&D and civil business costs, with Q4 revenue concentration expected
· Issued by Guangzhou Haige Communications Group Incorporated Company Class A
Q3 saw modest revenue growth but a sharp drop in net profit due to higher R&D and civil business investment, with losses in the quarter and negative operating cash flow. Project revenue is expected to concentrate in Q4.
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