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An announcement from China Electronics Optics Valley Union Holding Co., Ltd. ( (HK:0798) ) is now available.
For the year ended December 31, 2024, China Electronics Optics Valley Union Holding Co., Ltd. reported a significant decline in revenue and net profit, with a 31.3% decrease in total revenue to RMB3,588.5 million and a net profit drop of RMB420.5 million compared to the previous year. Despite these financial challenges, the company continued its strategic focus on innovation in industrial park development, achieving a contracted area of over 100,000 sq.m. in responsive customization, which highlights potential growth in this area. The company maintained a prudent business strategy, with a debt to asset ratio of 62.0% and no final dividend recommendation for the year, reflecting a cautious approach amid financial pressures.
More about China Electronics Optics Valley Union Holding Co., Ltd.
China Electronics Optics Valley Union Holding Co., Ltd. operates in the industrial real estate sector, focusing primarily on the development and operation of industrial parks. The company is involved in creating high-quality industrial landmarks and has a significant land bank across various cities in China, including Chengdu, Changsha, Shanghai, Wuhan, and Qingdao.
YTD Price Performance: -5.20%
Average Trading Volume: 459,153
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.74B
See more insights into 0798 stock on TipRanks’ Stock Analysis page.