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Puxing Energy Ltd. ( (HK:0090) ) has provided an update.
Puxing Energy Limited announced its audited consolidated annual results for the year ending December 31, 2024. The company reported a 4% increase in revenue to RMB 534,054,000 compared to the previous year. However, profit from operations and net profit attributable to equity shareholders decreased by approximately 15%. Despite these declines, the company proposed a final dividend of HK$0.014 per share. Total assets grew by 10.71%, and the gearing ratio slightly improved to 45.05%, indicating a stable financial position. The announcement reflects a mixed financial performance, with growth in assets but challenges in profitability, which may impact stakeholder confidence and market positioning.
More about Puxing Energy Ltd.
Puxing Energy Limited is a company incorporated in the Cayman Islands with limited liability, operating in the energy sector. The company focuses on energy production and related services, catering to the market’s demand for efficient and sustainable energy solutions.
YTD Price Performance: 3.57%
Average Trading Volume: 129,906
Technical Sentiment Signal: Sell
Current Market Cap: HK$266M
Learn more about 0090 stock on TipRanks’ Stock Analysis page.