Kwung’s Aroma Holdings Reports Strong Financial Growth in 2024

Kwung’s Holdings Limited ( (HK:1925) ) has issued an announcement.

Kwung’s Aroma Holdings Limited reported a significant financial performance for the year ended December 31, 2024, with a 24.1% increase in revenue to RMB1,001.2 million and a 95.2% rise in profit to RMB118.7 million. The company attributes this growth to securing more purchase orders from existing customers, gaining new customers, and benefiting from favorable currency exchange rates. The company is also investing in research and development, collaborating with Ningbo Institute of Technology to explore new product technologies, which is expected to enhance long-term business collaborations.

More about Kwung’s Holdings Limited

Kwung’s Aroma Holdings Limited operates in the home decoration and fragrance industry, focusing on the design and manufacture of products such as home fragrance candles and diffusers. The company primarily engages in wholesale business, catering to customer needs with tailored solutions and maintaining strong relationships with loyal customers. It is actively expanding its market presence in Europe and the Americas.

YTD Price Performance: 7.03%

Average Trading Volume: 139,016

Technical Sentiment Signal: Sell

Current Market Cap: HK$554.9M

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