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China Innovation Investment Limited ( (HK:1217) ) has issued an update.
China Innovation Investment Limited reported a significant increase in turnover for the year ending December 31, 2024, reaching approximately HK$687.9 million compared to HK$387.6 million in 2023. The company achieved a net profit attributable to equity shareholders of approximately HK$5 million, up from HK$2.2 million in the previous year, driven by net realized gains on investment disposals. Despite the profit increase, the company’s net assets slightly decreased due to adverse economic conditions affecting the fair value of equity investments.
More about China Innovation Investment Limited
China Innovation Investment Limited is a company incorporated in the Cayman Islands, focusing on investment activities. It primarily deals with investments at fair value through profit or loss and other investment products.
Average Trading Volume: 8,687,555
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$128M
For detailed information about 1217 stock, go to TipRanks’ Stock Analysis page.