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An announcement from Labixiaoxin Snacks Group Ltd. ( (HK:1262) ) is now available.
Labixiaoxin Snacks Group Ltd. reported its annual financial results for the year ending December 31, 2024, showing a 13.4% increase in revenue to RMB 866.7 million. Despite the revenue growth, the company faced a net loss of RMB 93.5 million, a decrease from the previous year’s loss. The gross profit margin slightly declined to 27.1%, and the return on equity worsened to -41.7%. These results indicate ongoing financial challenges and may impact the company’s market positioning and stakeholder confidence.
More about Labixiaoxin Snacks Group Ltd.
Labixiaoxin Snacks Group Ltd. operates in the snack food industry, primarily focusing on the production and distribution of various snack products. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -16.96%
Average Trading Volume: 43,217
Technical Sentiment Signal: Buy
Current Market Cap: HK$310.2M
For a thorough assessment of 1262 stock, go to TipRanks’ Stock Analysis page.