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Morimatsu International Holdings Company Limited ( (HK:2155) ) just unveiled an update.
Morimatsu International Holdings Company Limited announced its annual results for the year ended 31 December 2024, reporting a decrease in revenue to RMB 6,948,354,000 from RMB 7,360,262,000 in 2023. Despite the decline in revenue, the company maintained a stable gross profit margin of 29.5%, up from 27.9% the previous year, indicating effective cost management. However, net profit decreased to RMB 729,881,000, reflecting a net profit margin of 10.5%. The decrease in new orders and the aggregated transaction price for remaining performance obligations suggests potential challenges in future revenue generation. These results may impact the company’s market positioning and stakeholder confidence.
More about Morimatsu International Holdings Company Limited
Morimatsu International Holdings Company Limited, incorporated in Hong Kong, operates in the industrial sector, providing engineering and manufacturing services. The company focuses on delivering high-quality equipment and solutions to various industries, including pharmaceuticals, chemicals, and food processing.
YTD Price Performance: 79.68%
Average Trading Volume: 11,157,660
Technical Sentiment Signal: Sell
Current Market Cap: HK$9.6B
For an in-depth examination of 2155 stock, go to TipRanks’ Stock Analysis page.