Qingling Motors Reports Swing to Loss in 2024 Interim Results

Qingling Motors Co (HK:1122) has released an update.

Qingling Motors Co. Ltd has announced its 2024 interim results, revealing a notable shift from a profit of 12,024 RMB’000 in 2023 to a loss of 8,142 RMB’000 for the same period. The company’s revenue increased over the year, but higher costs and expenses led to a loss, with basic earnings per share dropping from 0.28 RMB cents to a loss of 0.50 RMB cents. Investors are observing the impact of increased costs and research expenses on the company’s bottom line.

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