tiprankstipranks
Trending News
More News >

Chongqing Machinery & Electric Co., Ltd. Reports Strong 2024 Financial Results

Story Highlights
Chongqing Machinery & Electric Co., Ltd. Reports Strong 2024 Financial Results

Confident Investing Starts Here:

Chongqing Machinery & Electric Co. Ltd. Class H ( (HK:2722) ) has shared an announcement.

Chongqing Machinery & Electric Co., Ltd. announced its audited consolidated results for the year ended December 31, 2024, highlighting a 10.7% increase in revenue to approximately RMB8,919.2 million and a 42.0% rise in profit attributable to shareholders to RMB431.3 million. The company’s earnings per share reached RMB0.12, indicating strong financial performance. These results reflect the company’s robust operational capabilities and strategic positioning in the market, potentially enhancing stakeholder confidence and market competitiveness.

More about Chongqing Machinery & Electric Co. Ltd. Class H

Chongqing Machinery & Electric Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the machinery and electric industry, focusing on manufacturing and distributing machinery and electric equipment.

YTD Price Performance: 60.0%

Average Trading Volume: 11,642

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €508.6M

For detailed information about 2722 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1