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Shougang Concord Century Holding Ltd. ( (HK:0103) ) has shared an update.
Shougang Century Holdings Limited has announced an expected decrease in profit after tax by 20% to 40% for the first half of 2025 compared to the same period in 2024. This decline is attributed to industry fluctuations and increased competition, leading to reduced sales prices and gross profit. Despite these challenges, the company’s profit after tax for the first half of 2025 nearly matches the full-year profit for 2024, indicating some improvement in the market conditions.
More about Shougang Concord Century Holding Ltd.
Shougang Century Holdings Limited is a company incorporated in Hong Kong, primarily engaged in the manufacturing industry. The company focuses on producing steel cords and operates within a competitive market environment.
Average Trading Volume: 4,677,158
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.47B
Learn more about 0103 stock on TipRanks’ Stock Analysis page.