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An announcement from Guangdong Tannery Limited ( (HK:1058) ) is now available.
Namyue Holdings Limited reported its annual financial results for 2024, highlighting a significant increase in subcontracted leather processing volume by 403.3%, despite a 14.1% decrease in cowhide sales volume. The company managed to reduce its loss for the year by 49.2% compared to 2023, although it still faced challenges with a decrease in revenue by 2.4% and a decline in net asset value per share by 60%. The financial indicators suggest a strained liquidity position, with a current ratio of 0.67 and a quick ratio of 0.35, alongside an increased debt to asset ratio of 80.4%, indicating potential financial instability.
More about Guangdong Tannery Limited
YTD Price Performance: -6.25%
Average Trading Volume: 67,679
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$161.4M
See more insights into 1058 stock on TipRanks’ Stock Analysis page.