Link: https://links.sgx.com/1.0.0/corporate-announcements/GRXQG5VXTPG345XV/43ef4b5cf0c34ffb9cf8ddc384793067c76097cacd2aabbbf87793a6c4a5b48b

Summary:

• Comba Group is a global leader in wireless communication solutions, listed on the Hong Kong and Singapore Stock Exchanges.
• The company offers a wide range of products, including base station antennas, network products, and wireless transmission solutions.
• Comba has R&D headquarters in Guangzhou and a global manufacturing base, holding approximately 5,900 patents globally.
• They have a vast network of over 30 offices in mainland China and over 20 overseas offices, serving customers in more than 100 countries.
• In 2024, the Group's revenue was HK$4,528.3 million, a 24.3% decrease from the previous year.
• Despite the overall revenue decline, the overseas business remained strong, with growth in base station antennas in Europe and good performance of network products in international markets.
• The Group maintained a sound financial position with sufficient working capital and a net cash inflow of approximately HK$339 million from operating activities.
• Key achievements in 2024 included producing their 10,000,000th base station antenna, launching the ComFlex MAX low-power solution, and making breakthroughs with Green Antenna 2.0.
• The report also notes the uneven global economic recovery and the accelerating trend towards intelligentization and integration in the information and telecommunication industry in 2024.