China Art Financial Holdings Ltd ( (HK:1572) ) has shared an update.
China Art Financial Holdings Ltd reported its audited consolidated annual results for the year ending December 31, 2024, showing a revenue increase to RMB 71,344,000 from RMB 59,742,000 in 2023. However, the company’s profit before tax decreased significantly to RMB 8,216,000 from RMB 16,493,000, and profit attributable to owners dropped to RMB 4,523,000 from RMB 11,019,000, indicating challenges in cost management and market conditions.
More about China Art Financial Holdings Ltd
China Art Financial Holdings Ltd is a company incorporated in the Cayman Islands, focusing on the art finance industry. It provides services related to art financing, including art pawn loans and art auction services, primarily targeting the Chinese market.
YTD Price Performance: -26.00%
Average Trading Volume: 1,618,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$125.1M
For a thorough assessment of 1572 stock, go to TipRanks’ Stock Analysis page.