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Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) has issued an update.
Beijing SinoHytec Co., Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024, with total operating revenue decreasing by 54.21% to RMB366.6714 million. The company also experienced increased net losses attributable to owners, amounting to RMB456.4329 million, compared to RMB243.2037 million the previous year. Despite the challenging financial results, the company’s cash and cash equivalents increased, indicating a potential focus on liquidity management amidst declining revenues.
More about Beijing SinoHytec Co., Ltd. Class H
Beijing SinoHytec Co., Ltd. operates in the energy sector, focusing on the development and production of hydrogen fuel cell systems. The company is engaged in providing clean energy solutions, primarily targeting the automotive industry to promote sustainable transportation.
YTD Price Performance: 21.90%
Average Trading Volume: 974,782
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$5.89B
For a thorough assessment of 2402 stock, go to TipRanks’ Stock Analysis page.