China Traditional Chinese Medicine Holdings Co ( (HK:0570) ) has issued an update.
China Traditional Chinese Medicine Holdings Co. Limited reported a significant decline in its financial performance for the year ended December 31, 2024, with revenue decreasing by 8.9% and net profit plummeting by 98.5% compared to the previous year. Despite these challenges, the company maintained its market share and continued to advance its corporate transformation and technological innovation efforts, driven by supportive national policies and a focus on digital transformation. The company remains optimistic about overcoming short-term performance fluctuations and is committed to its long-term growth strategy.
More about China Traditional Chinese Medicine Holdings Co
China Traditional Chinese Medicine Holdings Co. Limited operates in the traditional Chinese medicine (TCM) industry, focusing on the production and sale of Chinese medicinal herbs, TCM decoction pieces, concentrated TCM granules, TCM finished drugs, and TCM great health products.
YTD Price Performance: -8.97%
Technical Sentiment Signal: Buy
Current Market Cap: $1.37B
Learn more about 0570 stock on TipRanks’ Stock Analysis page.