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An update from Qidian International Co., Ltd. ( (HK:1280) ) is now available.
Qidian International Co., Ltd. reported a significant revenue increase of 38.2% for the year 2024, reaching approximately RMB442.0 million, driven by growth in liquor sales and education-related services. Despite the revenue growth, the company faced a substantial operating loss of approximately RMB2,218.7 million, attributed to impairment losses on goodwill and other financial challenges, marking a stark contrast to the previous year’s operating profit.
More about Qidian International Co., Ltd.
Qidian International Co., Ltd., incorporated in the Cayman Islands, operates in the liquor sales and education-related training services industry. The company is actively expanding its business in these sectors.
YTD Price Performance: 17.53%
Average Trading Volume: 1,047,058
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.33B
Learn more about 1280 stock on TipRanks’ Stock Analysis page.