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Beijing Enterprises Urban Resources Group Ltd. ( (HK:3718) ) has provided an announcement.
Beijing Enterprises Urban Resources Group Ltd. has announced a significant decrease in profit for FY2024, primarily due to a one-off impairment loss on goodwill in its Hazardous Waste Treatment Business. This loss is attributed to intensified market competition and reduced demand from upstream industrial enterprises. Despite this, the company’s financial position remains healthy, and it has secured new urban services projects worth over RMB6.4 billion during FY2024, with further expansions in the Greater Bay Area.
More about Beijing Enterprises Urban Resources Group Ltd.
Beijing Enterprises Urban Resources Group Ltd. operates in the urban services industry, focusing on hazardous waste treatment and urban services projects. The company is actively expanding its services in the Greater Bay Area.
YTD Price Performance: -16.67%
Average Trading Volume: 474,471
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.33B
For an in-depth examination of 3718 stock, go to TipRanks’ Stock Analysis page.