Markets.News
ICZOOM Group Inc., a B2B electronic component e-commerce platform, reported positive financial results for the six months ending December 31, 2024. Total revenue increased by 3.0% to $90.34 million from $87.72 million in 2023, while diluted earnings per share reached $0.07 compared to a loss of $0.07 in 2023. The company attributed its success to an increase in stock-keeping units (SKUs) to 8,986 products and new customers rising to 122. The growth was also linked to China's automotive electronics market, which reached RMB 1.22 trillion in 2024, a 10.95% increase from the previous year. ICZOOM's financial statements and further details are available on their website. The company operates primarily in Hong Kong and mainland China, servicing SMEs in various industries and providing additional services like warehousing and logistics. The article contains detailed financial data and future outlook statements.