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

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

Elevate Your Investing Strategy:

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.

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