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An announcement from Ouhua Energy Holdings Ltd. ( (SG:AJ2) ) is now available.
Ouhua Energy Holdings Ltd. has addressed queries from the Securities Investors Association Singapore regarding its 2024 annual report. The company reported a significant decline in LPG sales volume from 761,285 tonnes to 572,967 tonnes, resulting in a sharp decrease in gross profit by RMB104.2 million, leading to a pre-tax loss of RMB55.2 million and a net loss of RMB69.6 million. Despite maintaining a substantial market share, the company faced challenges with elevated expenses amid declining sales, raising concerns about customer behavior, service reliability, and operational issues.
More about Ouhua Energy Holdings Ltd.
Ouhua Energy Holdings Ltd. is a company incorporated in Bermuda, operating in the liquefied petroleum gas (LPG) industry. The company holds approximately 40% market share in the local LPG market, focusing on the distribution and sale of LPG products.
YTD Price Performance: -43.01%
Average Trading Volume: 89,678
Technical Sentiment Signal: Buy
Current Market Cap: S$20.31M
Learn more about AJ2 stock on TipRanks’ Stock Analysis page.