tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Congyu Intelligent Agricultural Holdings Reports Revenue Decline and Net Loss for 2024

Story Highlights
Congyu Intelligent Agricultural Holdings Reports Revenue Decline and Net Loss for 2024

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

China Finance Investment Holdings Limited ( (HK:0875) ) has issued an update.

Congyu Intelligent Agricultural Holdings Limited reported its annual results for the year ended December 31, 2024, showing a revenue decline of 12.9% to HK$1,253.0 million compared to the previous year. Despite a slight increase in gross profit, the company experienced a significant net loss of HK$128.7 million, contrasting with a net profit of HK$51.4 million in the prior year. The results reflect challenges in the company’s operations, including increased impairment losses and reduced other income, impacting its financial performance and market positioning.

More about China Finance Investment Holdings Limited

Congyu Intelligent Agricultural Holdings Limited operates in the agricultural industry, focusing on intelligent agricultural solutions. The company is involved in providing innovative agricultural products and services, aiming to enhance productivity and efficiency in the sector.

YTD Price Performance: -63.52%

Average Trading Volume: 996,275

Technical Sentiment Signal: Buy

Current Market Cap: HK$264M

Find detailed analytics on 0875 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport 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