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Canggang Railway Limited Reports 2024 Financial Results with Stable Profits Amid Revenue Decline

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Canggang Railway Limited Reports 2024 Financial Results with Stable Profits Amid Revenue Decline

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The latest update is out from Canggang Railway Limited ( (HK:2169) ).

Canggang Railway Limited announced its audited financial results for the year ended December 31, 2024, showing a decline in revenue from RMB 349,048,000 in 2023 to RMB 258,934,000 in 2024. Despite the decrease in revenue, the company maintained a stable operating profit and recommended a final dividend of RMB 0.6 cent per share, indicating a commitment to shareholder returns.

More about Canggang Railway Limited

Canggang Railway Limited is a company incorporated in the Cayman Islands, operating in the railway industry. It focuses on providing railway services, with a market presence indicated by its listing on the Hong Kong Stock Exchange under the stock code 2169.

YTD Price Performance: -26.80%

Average Trading Volume: 8,060,101

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.68B

See more insights into 2169 stock on TipRanks’ Stock Analysis page.

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