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The latest announcement is out from Shougang Concord Century Holding Ltd. ( (HK:0103) ).
Shougang Concord Century Holdings Limited has announced an expected decrease in profit after tax by 40% to 60% for the fiscal year ending December 31, 2024, compared to the previous year. Despite a moderate increase in automotive demand and tyre sales, fierce industry competition has led to declining steel cord prices, impacting gross profit margins. The final audited results will be released in March 2025, and stakeholders are advised to exercise caution when dealing with the company’s shares.
More about Shougang Concord Century Holding Ltd.
Shougang Concord Century Holdings Limited operates in the manufacturing industry, focusing on the production of steel cords primarily used in the automotive sector. The company is involved in the supply of accessorial and replacement tyres, catering to the automotive market.
YTD Price Performance: -10.0%
Average Trading Volume: 146,666
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €126.2M
For an in-depth examination of 0103 stock, go to TipRanks’ Stock Analysis page.