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China Kingstone Mining Reports Increased Losses Amid Revenue Decline

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China Kingstone Mining Reports Increased Losses Amid Revenue Decline

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The latest announcement is out from China Kingstone Mining Holdings Ltd ( (HK:1380) ).

China Kingstone Mining Holdings Limited reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue decreased by 16.4% to RMB 48,889,000, and it recorded a loss of RMB 85,301,000 attributable to its owners, marking a substantial increase in losses compared to the previous year. The results reflect challenges in the company’s operations, including increased impairment losses on non-financial assets and a decrease in gross profit, which may impact its market positioning and stakeholder confidence.

More about China Kingstone Mining Holdings Ltd

China Kingstone Mining Holdings Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It operates in the mining industry, focusing on the extraction and sale of marble and other stone products.

Technical Sentiment Signal: Buy

Current Market Cap: €5.58M

For detailed information about 1380 stock, go to TipRanks’ Stock Analysis page.

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