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China Hanking Holdings Projects 16% Profit Growth for 2024

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China Hanking Holdings Projects 16% Profit Growth for 2024

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China Hanking Holdings Ltd. ( (HK:3788) ) has issued an announcement.

China Hanking Holdings Limited has announced a positive profit alert for the fiscal year 2024, projecting a 16% year-on-year profit increase to approximately RMB175 million. This growth is attributed to increased gross profit in its iron ore and high-purity iron business, driven by steady production, reduced production costs, and improved efficiency.

More about China Hanking Holdings Ltd.

China Hanking Holdings Limited is a company incorporated in the Cayman Islands with limited liability, focusing on the production and sale of iron ore and high-purity iron.

YTD Price Performance: 6.49%

Average Trading Volume: 226,918

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.61B

Learn more about 3788 stock on TipRanks’ Stock Analysis page.

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