SIM TECH's revenue in January was HK$30.9 million, a decrease of 27% compared to the same period last year.

SIM TECH (02000) announced that in January 2026, the unaudited revenue of the group was 30.9 million Hong Kong dollars, a decrease of 41.2% month-on-month and a decrease of 27% year-on-year. The group's main business revenue was 28 million Hong Kong dollars, a decrease of 43.8% month-on-month. Due to significant impact from intense competition in the automotive industry, the group has adjusted its business plans and strategies since January 2026, and has stopped accepting new purchase orders for in-car smart products. At the same time, the group's customers have adjusted the delivery time for their purchase orders. As a result, the shipment and main business revenue of the group in January 2026 were significantly lower than in December 2025. Non-primary business revenue primarily consists of rental income. Non-primary business revenue in January 2026 was roughly the same as in December 2025.