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An update from Carote Ltd ( (HK:2549) ) is now available.
Carote Ltd has announced its audited consolidated annual results for the year ending December 31, 2024, showing significant growth in revenue and profit. The company’s total revenue increased by 31% to RMB 2,073.3 million, with a notable rise in net profit by 50.5% to RMB 356.0 million. The growth is attributed to the steady expansion of the global kitchenware industry and rising demand in emerging markets. However, the company faces challenges from fluctuating raw material costs, supply chain disruptions, and the impact of U.S. tariffs on Chinese exports, which could affect its pricing competitiveness and profit margins.
More about Carote Ltd
Carote Ltd is a company incorporated in the Cayman Islands, operating in the kitchenware industry. It focuses on producing high-quality, durable, and innovative cookware products, catering to evolving consumer preferences and benefiting from strong manufacturing capabilities in the PRC.
YTD Price Performance: 13.80%
Average Trading Volume: 1,038,647
Technical Sentiment Signal: Strong Sell
Find detailed analytics on 2549 stock on TipRanks’ Stock Analysis page.