Reported 11 months ago
Shield's chairman, Luo Senzhou, expressed at the shareholders' meeting that subsidiaries like Xinding and Anguo are expected to be profitable this year, with Shield's fingerprint recognition business being profitable. With 5-6 unlisted companies under Shield, there are plans for IPOs in the next 3 years. Shield is set to transition into an IP factory next year. Despite consecutive annual operational losses, the loss has reduced over the years, prompting the decision not to issue dividends. Luo Senzhou emphasized the strategic confidence in Shield's future direction.
Source: YAHOO