Ridgeline International Limited, a subsidiary of Ridgetech Inc., has released its consolidated financial results for the year ended March 31, 2024. The company reported sales revenue representing the invoiced value of goods, net of value added tax (VAT), with all products sold in the People's Republic of China (PRC) and VAT rates of up to 13% applied depending on the product type. Net income for the reporting period showed a significant variation compared to the previous year. Earnings per share $(EPS)$ were also reported, reflecting the company's financial performance for the year. All financial results released reflect actual figures for the period ended March 31, 2024. Ridgeline International Limited noted that its business, financial condition, and results of operations may be influenced by the political, economic, and legal environment in the PRC, as well as the general state of the PRC economy. No significant penalties, uncertain tax provisions, or interest relating to income taxes were incurred during the period. No additional significant business updates or operational changes were disclosed in the results.
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