Sany Heavy Equipment Reports 2024 Financial Results with Revenue Growth but Profit Decline

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Sany Heavy Equipment Reports 2024 Financial Results with Revenue Growth but Profit Decline

An announcement from Sany Heavy Equipment International Holdings Co ( (HK:0631) ) is now available.

Sany Heavy Equipment International Holdings Co announced its annual results for the year ended December 31, 2024. The company reported a revenue increase of approximately 8% to RMB21,909.6 million compared to the previous year. However, profit attributable to owners of the parent decreased by about 42.9% to RMB1,101.6 million. The board recommended a final dividend of HK$0.29 per share. Despite the revenue growth, the significant drop in profit indicates challenges in managing costs and expenses, impacting the company’s financial performance and potentially affecting shareholder returns.

More about Sany Heavy Equipment International Holdings Co

Sany Heavy Equipment International Holdings Co is a company incorporated in the Cayman Islands, operating in the heavy equipment industry. The company focuses on manufacturing and selling heavy machinery and equipment, serving a broad market with its diverse product offerings.

YTD Price Performance: 10.07%

Average Trading Volume: 1,664

Technical Sentiment Signal: Buy

Current Market Cap: $2.05B

For detailed information about 0631 stock, go to TipRanks’ Stock Analysis page.

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