The 2024 annual report of TCT highlights the performance of the past year. Revenue grew by 15% compared to the previous year, due to the expansion of products and distribution networks.
The main business sector with the highest revenue is technology products, accounting for 60% of total sales. TCT also increased investment in research and development, planning to allocate 10% of revenue for R&D.
The gross profit margin reached 25%, but increased operating costs reduced net profit compared to last year, achieving only 5% of total revenue.
The report also mentions challenges like increasing competition and global economic fluctuations. To cope, TCT will focus on enhancing customer service quality and optimizing production processes.
Finally, TCT aims for sustainable development, committing to environmental protection and applying clean technologies in production.
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