Pan Asia Data Holdings Inc 2024 AR2
The report highlights Pan Asia Data Holdings Inc.'s performance for the fiscal year ended December 31, 2024. During the year, the company faced significant macroeconomic challenges, resulting in a 70% decrease in consolidated revenue to HK$168.8 million, primarily due to a decline in its big data services segment. In response, the company implemented cost-reduction measures, upgraded its SaaS/PaaS cloud architecture, and focused on high-quality client retention. The company also decided to dispose of its loss-making third-party payment services segment to optimize its business portfolio. On the sustainability front, the company achieved a significant reduction in greenhouse gas emissions and energy consumption following the strategic divestment of its manufacturing operations.
Company: Pan Asia Data Holdings Inc
Sector: Technology & telecommunications
Country: Hong Kong
Year: 2024
Type: AR2
Pages: 197
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Pan Asia Data Holdings Inc
Annual Report
The report highlights Pan Asia Data Holdings Inc.'s performance for the fiscal year ended December 31, 2024. During the year, the company faced significant macroeconomic challenges, resulting in a 70% decrease in consolidated revenue to HK$168.8 million, primarily due to a decline in its big data services segment. In response, the company implemented cost-reduction measures, upgraded its SaaS/PaaS cloud architecture, and focused on high-quality client retention. The company also decided to dispose of its loss-making third-party payment services segment to optimize its business portfolio. On the sustainability front, the company achieved a significant reduction in greenhouse gas emissions and energy consumption following the strategic divestment of its manufacturing operations.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 2:
Energy Consumption
Workplace Fatalities
Employees