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An announcement from Yincheng Life Service Co., Ltd. ( (HK:1922) ) is now available.
Ruisen Life Service Co., Ltd. reported its annual results for the year ended December 31, 2024, showing a slight decrease in revenue to approximately RMB1,955.7 million, down 0.9% from 2023. The company experienced a significant decline in profitability, with a net loss of approximately RMB20.6 million compared to a profit of RMB97.0 million in the previous year. This downturn was attributed to decreased gross profit margins and increased impairment losses on financial assets. The company’s cash and cash equivalents also decreased from RMB433.4 million in 2023 to RMB394.4 million in 2024. The announcement reflects challenges in maintaining profitability and financial stability, potentially impacting stakeholders’ confidence.
More about Yincheng Life Service Co., Ltd.
Technical Sentiment Signal: Sell
Current Market Cap: HK$363.3M
See more insights into 1922 stock on TipRanks’ Stock Analysis page.