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The latest update is out from Shinelong Automotive Lightweight Application Limited ( (HK:1930) ).
Shinelong Automotive Lightweight Application Limited announced its annual results for the year ending December 31, 2024. The company reported a revenue increase of 8.7% compared to the previous year, reaching RMB 237,646,000. However, the gross profit and net profit attributable to the owners of the company decreased by 6.8% and 22.0%, respectively. The gross profit margin also declined from 23.3% to 19.9%. Despite the decline in profits, the board proposed a final dividend of HK0.719 cents per share, subject to shareholder approval. This announcement indicates a mixed financial performance with growth in revenue but challenges in maintaining profit margins, impacting stakeholders’ expectations.
More about Shinelong Automotive Lightweight Application Limited
Shinelong Automotive Lightweight Application Limited is a company incorporated in the Cayman Islands, focusing on the automotive industry. It specializes in lightweight applications for vehicles, which is a crucial aspect of modern automotive manufacturing aimed at improving fuel efficiency and reducing emissions.
Average Trading Volume: 412,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$168.3M
See more insights into 1930 stock on TipRanks’ Stock Analysis page.
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