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China Yongda Automobiles Services ( (HK:3669) ) just unveiled an announcement.
China Yongda Automobiles Services Holdings Limited reported a significant decline in its financial performance for the year ended December 31, 2024, with a 14.6% decrease in revenue compared to the previous year. Despite a substantial increase in revenue from independent new energy vehicles and commission income, the company faced a 71.8% drop in net profit, highlighting challenges in the broader automotive market and impacting stakeholders’ expectations.
More about China Yongda Automobiles Services
China Yongda Automobiles Services Holdings Limited operates in the automotive industry, focusing on the distribution of new vehicles, including independent new energy vehicles, and providing repair and maintenance services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 4.85%
Technical Sentiment Signal: Sell
Current Market Cap: $652M
For detailed information about 3669 stock, go to TipRanks’ Stock Analysis page.