Shinelong Automotive Faces Profit Decline Amid Revenue Growth

Shinelong Automotive Lightweight Application Limited (HK:1930) has released an update.

Shinelong Automotive Lightweight Application Limited reported a mixed financial performance for the first half of 2024, with revenue increasing by 10.3% but net profit plummeting by 47.1% compared to the same period last year. The company’s gross profit margin and net profit margin both suffered declines, while total assets experienced a slight growth of 4.1%. This indicates a challenging environment for the company, despite higher revenue figures.

For further insights into HK:1930 stock, check out TipRanks’ Stock Analysis page.