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An update from Chervon Holdings Limited ( (HK:2285) ) is now available.
Chervon Holdings Limited reported a significant financial turnaround in 2024, with a 29% increase in revenue to US$1,773.8 million and a net profit of US$112.7 million, compared to a net loss in 2023. The company’s strong performance was driven by enhanced operational efficiency, favorable market conditions, and a successful product strategy, particularly in the EGO brand, which has expanded its market share and strengthened its competitive position through innovation and strategic execution.
More about Chervon Holdings Limited
Chervon Holdings Limited, incorporated in Hong Kong, operates in the power tools and outdoor power equipment (OPE) industry. The company focuses on innovative product development, particularly lithium-ion battery-powered tools, and has a strong market presence across North America, Europe, China, and other regions.
YTD Price Performance: 10.09%
Average Trading Volume: 935,465
Technical Sentiment Signal: Hold
Current Market Cap: HK$9.81B
Learn more about 2285 stock on TipRanks’ Stock Analysis page.