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Nayuki Holdings Ltd. ( (HK:2150) ) has provided an announcement.
Nayuki Holdings Ltd. reported a challenging year in 2024, with a 4.7% decline in revenue and a significant shift from a profit of RMB20.9 million in 2023 to a loss of RMB918.7 million in 2024. The company attributed these results to a weak consumer market and increased competition in the freshly-made tea industry. In response, Nayuki adjusted its strategies by expanding into new markets, optimizing its store network, and advancing its international presence. Despite these efforts, the company’s net cash from operating activities fell by 75.7%.
More about Nayuki Holdings Ltd.
Nayuki Holdings Ltd. operates in the freshly-made tea industry, focusing on a network of teahouses that offer a variety of tea-based beverages. The company is expanding its market presence both domestically and internationally, with operations in countries such as Thailand, Macau S.A.R., Singapore, and Malaysia.
YTD Price Performance: -16.91%
Average Trading Volume: 52,907,118
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.93B
Learn more about 2150 stock on TipRanks’ Stock Analysis page.