SIM Tech posts 58.50% month-on-month revenue slide in July; seven-month sales down 9.30%

Bulletin Express
Aug 11

SIM Technology Group Limited (SIM Tech) reported unaudited revenue of HK$17.60 million for July 2026, representing a 58.50% decline from June’s HK$42.30 million.

Core business revenue—mainly original design manufacturing (ODM) of intelligent terminals—fell 62.10% month-on-month to HK$15.00 million, attributed to a sharp drop in shipment volumes. Non-core revenue, largely rental income from property management, edged down 8.40% to HK$2.60 million amid a subdued property-rental market.

Year-on-year, core business revenue decreased 25.50% versus July 2025’s HK$20.10 million, reflecting adjustments in customers’ delivery schedules.

For the seven months ended 31 July 2026, total unaudited revenue reached HK$208.10 million, 9.30% lower than the HK$229.40 million recorded in the same period of 2025. While revenue from the intelligent terminal ODM segment was broadly stable, the overall decline was driven by the discontinuation of the automotive intelligent product line in January 2026.

The disclosed figures are based on the Group’s management accounts and are subject to audit.

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