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The latest announcement is out from China Metal Resources Utilization Ltd. ( (HK:1636) ).
China Metal Resources Utilization Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024, with revenue decreasing by 44.1% to RMB468 million and a gross loss margin of 6.6%. The company also reported a loss attributable to owners of RMB652.5 million, a slight improvement from the previous year’s loss of RMB805.8 million. Despite reductions in provisions for doubtful debts and impairments of advance payments to suppliers, the company continues to face financial challenges, as evidenced by a current ratio of 0.1 and a debt to equity ratio of -40.0%. The board has decided not to declare any final dividend for the year, reflecting ongoing financial difficulties.
More about China Metal Resources Utilization Ltd.
China Metal Resources Utilization Ltd. operates in the metal resources industry, focusing on the recycling and utilization of metal resources. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -35.24%
Average Trading Volume: 1,688,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$304.7M
Find detailed analytics on 1636 stock on TipRanks’ Stock Analysis page.