Bank of America In terms of product integration business, the quality of operations has been improv through a number
of measures, and the results have been further reflect since the third quarter. The operating
conditions have improv significantly in the second half of 2024. In the third quarter, the company’s
product integration business revenue increas both telegram data yearonyear and monthonmonth. After excluding
the impact of convertible bond financial expenses and exchange gains and losses, the company has achiev a significant ruction in losses.
In the fourth quarter, benefiting from the peak season sales growth of consumer electronics products
such as mobile phones and laptops, the company’s product integration business revenue achiev
doubligit yearonyear and singligit quarteronquarter growth, setting a new record for singlequarter revenue.
With the increase in shipments and the effective implementation
Of measures such as cost ruction in procurement and manufacturing, business profitability has further
improv, and gross profit margin has continu to rebound from the third quarter. Excluding the impact
of convertible bond financial expenses and exchange gains, and excluding factors such as the
aforemention asset impairmentwritown, the product integration business has successfully turn losses into profits in the fourth quarter.
Regarding the main reason for the performance change, Wingtech Technology stat that it was relat to
the impairment provision. According to the announcement, affect by the Entity List incident, combin
with comprehensive factors such as changes it was necessary to ensure fast in risk preferences of existing customers of the company’s
product integration business and longterm sustainable operation expectations, bas on the principle of prudence
The company conduct a comprehensive inventory
Of identifiable longterm assets such as businessrelat fix assets and intangible assets, and conduct
impairment tests, and made impairment provisions for assets that incurr impairment losses.
CHARLOTTE, N.C. , Jan. 17, 2025 mobile lead PRNewswire Bank of America today announc fourth quarter 2024
financial results. News releases, supplemental information and investor presentations are available on Bank of America’s Investor Relations website at s:investor.bankofamericaquarterlyearnings Bank of America.