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FinTech Chain Limited (ASX:FTC)

ALERT: Price-sensitive ASX Announcement for FTC
Current share price for FTC : $0.004 -0.002 (-33.33%)+
Announcement
Release
31 Jan 2025 12:36PM
Price at Release
$0.006
Full Release
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Summary
For the quarter ended 31 December 2024, FinTech Chain Limited (FTC) reported a significant increase in cash balances, rising from RMB 2.8 million at the start of the quarter to RMB 13.0 million by the end. The company generated RMB 34.6 million in receipts from customers, resulting in a positive net cash inflow from operating activities of RMB 9.8 million. Expenditures included RMB 2.6 million on research and development, RMB 18.7 million on product manufacturing and operating costs, and smaller amounts on asset leasing and staff costs. Notably, there were no significant changes in FTC's business activities during this quarter.
Key Points
  • FTC's cash balance increased significantly from RMB 2.8 million to RMB 13.0 million.
  • The company recorded RMB 34.6 million in receipts from customers in the quarter.
  • Net cash inflow from operating activities was RMB 9.8 million.
  • Total operating payments amounted to RMB 24.6 million.
  • No material developments or changes in business activities during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.