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Shanghai XNG Holdings Limited ( (HK:3666) ) just unveiled an announcement.
Shanghai XNG Holdings Limited reported a significant decrease in revenue and gross profit for the year ended December 31, 2024, with a 30.2% drop in revenue and a 32.0% decline in gross profit compared to the previous year. The company also experienced an increase in net loss margin to 27.1% and a reduction in the number of restaurants from 29 to 20, indicating challenges in maintaining profitability and market presence.
More about Shanghai XNG Holdings Limited
Shanghai XNG Holdings Limited is a company incorporated in the Cayman Islands, operating in the restaurant industry. The company focuses on managing and operating a chain of restaurants, with a notable presence in the market.
YTD Price Performance: 8.33%
Average Trading Volume: 1,778,125
Technical Sentiment Signal: Buy
Current Market Cap: HK$57.54M
For detailed information about 3666 stock, go to TipRanks’ Stock Analysis page.
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