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The latest update is out from Hengdeli Holdings ( (HK:3389) ).
Hengdeli Holdings Limited reported a significant decline in its financial performance for the year ended December 31, 2024, with a 26.6% drop in revenue and a 30.9% decrease in gross profit compared to the previous year. The company experienced a loss of RMB 55,472,000, a stark contrast to the profit of RMB 35,191,000 reported in 2023. This downturn is attributed to increased administrative expenses and distribution costs, along with a notable decrease in revenue, impacting the company’s overall financial health and stakeholder confidence.
More about Hengdeli Holdings
Hengdeli Holdings Limited is a company incorporated in the Cayman Islands, operating within the retail industry. The company primarily deals with the distribution and sale of luxury watches and related accessories, focusing on the Chinese market.
YTD Price Performance: 20.0%
Average Trading Volume: 7,333
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $62.91M
See more data about 3389 stock on TipRanks’ Stock Analysis page.