Shineroad International Holdings Reports Strong Profit Growth Despite Revenue Dip

An update from Shineroad International Holdings Limited ( (HK:1587) ) is now available.

Shineroad International Holdings Limited reported its annual results for the year ended 31 December 2024, showing a revenue decrease of 3.22% to RMB661.6 million compared to the previous year. Despite the drop in revenue, the company achieved a significant increase in gross profit by 9.69% and more than doubled its profit attributable to owners, reaching RMB43.7 million, a 115.27% rise from 2023. The board has recommended a final dividend of HK2.25 cents per ordinary share, reflecting the company’s robust financial performance and commitment to returning value to shareholders.

More about Shineroad International Holdings Limited

Shineroad International Holdings Limited is a company incorporated in the Cayman Islands, operating within the food industry. The company primarily focuses on the distribution of food ingredients and additives, serving various markets with its diverse product offerings.

YTD Price Performance: 47.50%

Average Trading Volume: 184,545

Technical Sentiment Signal: Sell

Current Market Cap: HK$401.2M

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