Back 14 Apr 2025

Leader Environmental Technologies Reports FY2024 Net Loss of RMB 62.1 Million Amidst Operational Challenges​

Link: https://links.sgx.com/1.0.0/corporate-announcements/A4N2TIWW963V3HZD/e59e9e2e5095fc979d4a9813d42dc0d178f22919ff23bb968451f8350c2f547c

Summary: Leader Environmental Technologies Limited reported a net loss of RMB 62.1 million for FY2024, a 17.2% increase from the previous year's loss. The company's revenue declined by 41% year-on-year to RMB 33 million, primarily due to reduced engineering project income. Despite these challenges, the Group continues to focus on its core business segments, including municipal/oily sludge treatment, high-performance membrane manufacturing, greentech investments, and the AIWater management system.