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Beijing SinoHytec Reports Significant Financial Losses for 2024

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Beijing SinoHytec Reports Significant Financial Losses for 2024

An update from Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) is now available.

Beijing SinoHytec Co., Ltd. issued a clarification announcement regarding its preliminary financial data for the year 2024, revealing a significant decrease in operating revenue by 54.21% compared to the previous year. The company reported a net loss attributable to owners of RMB 453.2091 million, primarily due to decreased operating revenue and gross profit margins, alongside increased credit impairment.

More about Beijing SinoHytec Co., Ltd. Class H

Beijing SinoHytec Co., Ltd. is a company incorporated in the People’s Republic of China, operating in the financial sector. The company is publicly listed on the Hong Kong Stock Exchange and focuses on providing financial services.

YTD Price Performance: 24.82%

Average Trading Volume: 407,136

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$6B

Find detailed analytics on 2402 stock on TipRanks’ Stock Analysis page.

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