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BeijingWest International ( (HK:2339) ) just unveiled an announcement.
BeijingWest Industries International Limited announced its financial results for the year ended December 31, 2024, reporting a revenue increase to HK$2,774,721,000 from HK$2,708,861,000 in 2023. Despite the revenue growth, the company experienced a significant increase in research and development expenses, leading to a net loss of HK$127,972,000 for the year, compared to a loss of HK$55,320,000 in 2023. The increased loss is attributed to higher operational costs and unfavorable exchange differences, impacting the company’s overall financial performance.
More about BeijingWest International
BeijingWest Industries International Limited is a company incorporated in the Cayman Islands, operating within the automotive industry. The company focuses on the development and manufacturing of automotive suspension systems and other related components.
Technical Sentiment Signal: Buy
Current Market Cap: $34.89M
See more data about 2339 stock on TipRanks’ Stock Analysis page.