Huada Technology Reports Decreased Earnings

China Electronics Huada Technology Company Limited (HK:0085) has released an update.

China Electronics Huada Technology Company Limited reported a decline in revenue and profit for the first half of 2024 compared to 2023, with earnings dropping from HK$551.4 million to HK$308.8 million. Despite the decrease, the company still achieved a gross profit of HK$567.4 million in the six-month period. The basic earnings per share also fell to 15.25 HK cents from the previous year’s 27.24 HK cents.

For further insights into HK:0085 stock, check out TipRanks’ Stock Analysis page.