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Centenary United Holdings Reports Significant Revenue Decline in 2024

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Centenary United Holdings Reports Significant Revenue Decline in 2024

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The latest update is out from Centenary United Holdings Limited ( (HK:1959) ).

Centenary United Holdings Limited reported its annual financial results for the year ended December 31, 2024, showing a significant decline in revenue and profit. The company’s revenue decreased by approximately RMB376.7 million compared to the previous year, with motor vehicle sales contributing to a major portion of this decline. The gross profit also saw a substantial drop, and the company reported a loss attributable to equity shareholders of approximately RMB89.7 million. These results indicate a challenging year for the company, impacting its financial stability and market positioning.

More about Centenary United Holdings Limited

Centenary United Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the sales of motor vehicles. It operates within the automotive industry, focusing on the distribution and sale of motor vehicles.

YTD Price Performance: -25.00%

Average Trading Volume: 44,000

Technical Sentiment Signal: Sell

Current Market Cap: HK$197M

Learn more about 1959 stock on TipRanks’ Stock Analysis page.

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