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The latest update is out from China Dredging Environment Protection Holdings Limited ( (HK:0871) ).
China Dredging Environment Protection Holdings Limited reported a significant financial downturn for the year ended December 31, 2024, with a notable decrease in revenue from RMB 375,161,000 in 2023 to RMB 325,234,000 in 2024. The company experienced a substantial loss before tax, amounting to RMB 276,297,000, compared to RMB 193,801,000 in the previous year. The losses were attributed to increased impairment losses on property, plant, and equipment, as well as changes in the fair values of investment properties. This financial performance reflects challenges in the company’s operational efficiency and market conditions, impacting stakeholders’ interests.
More about China Dredging Environment Protection Holdings Limited
China Dredging Environment Protection Holdings Limited operates in the environmental protection industry, focusing on dredging services and related environmental solutions. The company is incorporated in the Cayman Islands and its operations are primarily based in the People’s Republic of China.
YTD Price Performance: -48.05%
Average Trading Volume: 5,016,245
Technical Sentiment Signal: Buy
Current Market Cap: HK$180.5M
Learn more about 0871 stock on TipRanks’ Stock Analysis page.