tiprankstipranks
Trending News
More News >

Huazhong In-Vehicle Holdings Reports Increased Profit Amid Slight Revenue Dip

Story Highlights
Huazhong In-Vehicle Holdings Reports Increased Profit Amid Slight Revenue Dip

Confident Investing Starts Here:

Huazhong In-Vehicle Holdings Company Limited ( (HK:6830) ) has issued an announcement.

Huazhong In-Vehicle Holdings Company Limited announced its annual results for the year ended December 31, 2024, reporting a slight revenue decrease of 0.2% to approximately RMB1.8 billion. Despite this, the company saw an 8.7% increase in profit attributable to owners, reaching approximately RMB41.9 million. The gross profit margin also improved slightly to 27.3%. The Board recommended a final dividend of RMB0.2826 cent per share, reflecting a positive outlook for shareholders.

More about Huazhong In-Vehicle Holdings Company Limited

Huazhong In-Vehicle Holdings Company Limited is a company incorporated in the Cayman Islands, focusing on the automotive industry. It specializes in the production and distribution of in-vehicle products and components, catering to the needs of the automotive market.

YTD Price Performance: 18.18%

Average Trading Volume: 1,812,974

Technical Sentiment Signal: Buy

Current Market Cap: HK$460M

For detailed information about 6830 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1