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The latest announcement is out from Chaowei Power Holdings ( (HK:0951) ).
Chaowei Power Holdings Limited announced its annual financial results for the year ended December 31, 2024, reporting a significant increase in revenue by approximately 24.7% to RMB50,341 million compared to the previous year. Despite the revenue growth, the company’s gross profit slightly decreased, and profit attributable to owners fell to RMB290 million. The board proposed a final dividend of HKD0.043 per share, subject to shareholder approval, indicating a decrease from the previous year. These results highlight the company’s robust revenue growth but also reflect challenges in maintaining profitability, impacting its financial positioning and stakeholder returns.
More about Chaowei Power Holdings
Chaowei Power Holdings Limited is a company incorporated in the Cayman Islands, operating in the energy sector with a focus on the production and distribution of power-related products and services.
YTD Price Performance: -0.53%
Technical Sentiment Signal: Hold
Current Market Cap: $208.8M
Learn more about 0951 stock on TipRanks’ Stock Analysis page.