Storage is intended to achieve a crossborder transformation

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Rina7RS
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Joined: Mon Dec 23, 2024 3:45 am

Storage is intended to achieve a crossborder transformation

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In , the company experienced a "performance winter" with operating income of . billion yuan, a yearonyear decrease of .%; net profit was a loss of million yuan, and the loss margin expanded by .% yearonyear. Although operating income increased and losses were significantly reduced in , it still did not achieve profitability. After entering , the company's performance declined again . Its operating income in the first three quarters was . billion yuan, a yearonyear decrease of .%, and its net profit loss was million yuan, with the loss margin widening.

In this difficult situation, OKAN International regards the acquisition of Lianhe Storage as a "lifesaving straw" to break through the difficulties and seek new life. On the evening of December , , OKAN International suspended trading to plan for the acquisition.

Market analysts believe that OKAN International's acquisition usa phone number list of Lianhe from the traditional footwear industry to the hightech field and explore new profit models. At the same time, it will increase its market share in the fields of smart devices and the Internet of Things, and improve operational efficiency through technological integration to cope with fierce market competition.

In addition to the acquisition matters that have attracted great attention from the market, OKAN International’s recent senior management changes and pledge financing have also attracted much attention. On December , , Wang Zhentao, Chairman of OKAN International, and Wang Jinquan, President, applied to resign due to work reasons.
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