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China Risun Group Reports 2024 Financial Results with Revenue Growth but Profit Decline

Story Highlights
  • China Risun Group reported a 3.2% revenue increase to RMB47,542.7 million.
  • Profit attributable to owners fell by 97.7%, with a special dividend proposed for the 30th anniversary.
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China Risun Group Reports 2024 Financial Results with Revenue Growth but Profit Decline

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The latest announcement is out from China Risun Group Ltd. ( (HK:1907) ).

China Risun Group Limited announced its audited annual results for the year ending December 31, 2024, reporting a revenue increase of 3.2% to RMB47,542.7 million. However, the profit attributable to owners of the company saw a significant decline of 97.7% year-on-year, amounting to RMB20.1 million. The board has proposed a special dividend of RMB2.22 cents per share in celebration of the company’s 30th anniversary, despite not proposing a final dividend for the year. The total dividend per share, including the interim and special dividends, will be RMB3 cents per share. This announcement reflects a challenging financial year for the company, with implications for stakeholders regarding dividend expectations and financial performance.

More about China Risun Group Ltd.

China Risun Group Limited operates in the chemical industry, focusing on the production of coke, coking chemicals, and refined chemicals. The company is known for its integrated business model and has a significant market presence in China.

YTD Price Performance: -18.24%

Average Trading Volume: 2,094

Technical Sentiment Signal: Buy

Current Market Cap: €1.33B

See more data about 1907 stock on TipRanks’ Stock Analysis page.

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