Haosen Fintech Group Reports Decline in 2024 Annual Results

Wealthy Way Group Ltd. ( (HK:3848) ) has shared an announcement.

Haosen Fintech Group Limited announced its annual results for the year ended December 31, 2024, reporting a decrease in revenue from RMB 113,132,000 in 2023 to RMB 107,313,000 in 2024. The company’s profit before income tax also declined significantly, from RMB 27,150,000 in 2023 to RMB 16,877,000 in 2024, with net profit attributable to equity holders dropping from RMB 23,173,000 to RMB 5,608,000. This decline is attributed to increased employee benefit expenses and finance costs, alongside a substantial provision for expected credit losses on loan and account receivables.

More about Wealthy Way Group Ltd.

Haosen Fintech Group Limited, incorporated in the Cayman Islands, operates in the fintech industry, focusing on providing financial technology solutions. The company is listed on the Hong Kong Stock Exchange and is involved in various financial services.

YTD Price Performance: 82.54%

Average Trading Volume: 278,454

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.8B

For an in-depth examination of 3848 stock, go to TipRanks’ Stock Analysis page.