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Da Ming International Reports Increased Losses Amid Revenue Decline in 2024

Story Highlights
  • Da Ming International focuses on processing and selling stainless and carbon steel.
  • The company reported a significant increase in losses and a decline in revenue for 2024.
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Da Ming International Reports Increased Losses Amid Revenue Decline in 2024

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Da Ming International Holdings Limited ( (HK:1090) ) has provided an announcement.

Da Ming International Holdings Limited reported its annual financial results for the year ended December 31, 2024, revealing a decrease in revenue by 8.1% to RMB 46,453,309,000 and a significant increase in total comprehensive loss by 102.2% to RMB 385,139,000 compared to the previous year. Despite a slight increase in stainless steel sales volume, the company faced challenges with reduced gross profit and increased losses, impacting its financial performance and potentially affecting stakeholders’ confidence.

More about Da Ming International Holdings Limited

Da Ming International Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the processing and sale of stainless steel and carbon steel. The company operates within the steel industry, focusing on both sales and processing volumes of these metals.

YTD Price Performance: -17.14%

Technical Sentiment Signal: Strong Buy

Current Market Cap: €95.81M

For detailed information about 1090 stock, go to TipRanks’ Stock Analysis page.

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