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
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