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China Rare Earth Holdings ( (HK:0769) ) has issued an update.
China Rare Earth Holdings Limited reported a significant reduction in its annual loss for the year ended December 31, 2024, with a loss of HK$107.1 million compared to HK$209.6 million in 2023. Despite the improvement, the company faced challenges such as impairment losses on assets and a decrease in revenue, highlighting ongoing difficulties in its operational environment.
More about China Rare Earth Holdings
China Rare Earth Holdings Limited operates in the rare earth industry, focusing on the production and distribution of rare earth materials and refractory products. The company is involved in the supply chain of these critical materials, which are essential for various high-tech and industrial applications.
YTD Price Performance: -4.76%
Average Trading Volume: 18,370
Technical Sentiment Signal: Sell
Current Market Cap: $120.4M
Learn more about 0769 stock on TipRanks’ Stock Analysis page.