Huasheng International Holding Limited (HK:1323) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Huasheng International Holding Limited reported a significant decline in revenue and a net loss of approximately HK$24.4 million for the six months ending September 2024, largely due to weak demand in the PRC’s real estate market affecting their Concrete Business. The company’s revenue fell by 34.3% compared to the same period last year, with the Concrete Business making up 97.2% of total revenue. The slowdown in construction and tough business conditions in China have been major challenges for the company’s financial performance.
For further insights into HK:1323 stock, check out TipRanks’ Stock Analysis page.