Huaxi Holdings Co. Ltd. ( (HK:1689) ) has issued an update.
Huaxi Holdings Co. Ltd. reported a challenging financial year ending December 31, 2024, with a 7.5% decrease in revenue to HK$143.77 million and a significant 77.9% drop in gross profit to HK$7.38 million. The company faced an operating loss increase of 179.8% to HK$119.89 million, and the loss attributable to owners rose by 169.0% to HK$110.77 million. No final dividend was proposed for the year. These results highlight substantial financial difficulties, impacting the company’s operations and potentially affecting stakeholder confidence.
More about Huaxi Holdings Co. Ltd.
Huaxi Holdings Co. Ltd. is incorporated in the Cayman Islands and operates with limited liability. The company is listed on the Hong Kong Stock Exchange under the stock code 1689. It is involved in various business operations, although specific industry details are not provided in the announcement.
YTD Price Performance: 29.41%
Average Trading Volume: 339,118
Technical Sentiment Signal: Buy
Current Market Cap: HK$462.9M
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