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Qingling Motors Co ( (HK:1122) ) has shared an announcement.
Qingling Motors Co. Ltd announced its audited consolidated results for the year ending December 31, 2024, showing a revenue increase to RMB 4,123,733,000 from RMB 3,596,535,000 in 2023. Despite the revenue growth, the company reported a loss before tax of RMB 35,213,000, which is an improvement from the previous year’s loss of RMB 47,252,000. The results reflect ongoing challenges in managing costs and expenses, impacting profitability and highlighting the need for strategic adjustments to enhance financial performance.
More about Qingling Motors Co
Qingling Motors Co. Ltd is a Sino-foreign joint venture joint stock limited company incorporated in the People’s Republic of China. The company operates in the automotive industry, focusing on the production and sale of motor vehicles and related components.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $181.9M
For a thorough assessment of 1122 stock, go to TipRanks’ Stock Analysis page.
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