King Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 20, 2024 at 10:38 am EST
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King Resources, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 0.019193 million compared to USD 0.007391 million a year ago. Net loss was USD 0.129848 million compared to USD 0.185957 million a year ago.
For the nine months, sales was USD 0.051116 million compared to USD 0.16958 million a year ago. Net loss was USD 0.58068 million compared to USD 0.959994 million a year ago.
King Resources, Inc. is a holding company. The Company, through its subsidiaries, is engaged primarily in the development of smart power supply solutions as well as lifestyle products in Hong Kong. The Company has five wholly owned subsidiaries, OneSolution Holdings Limited (OSH), Powertech Management Limited (Powertech), Powertech Corporation Limited (Powertech Corp), OneSolution Management Limited (OSM) and OneSolution Innotech Limited (OSIL). Powertech Corp is focused on research and development solutions, sales of its own brand smart power supply products and development of Internet of things (IoT) products across its smart home, smart office and smart fitness ecosystem. OSIL is engaged in selling lifestyle products. OSIL acts as the distributor of five brands, namely Aqigo, Brusheva, Qivation, Paudin, and Team Cuisine. It provides solutions for other companies who are in the fields of developing high power, high voltage power supply and wireless charging technologies.
KING RESOURCES, INC. 
