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China National Building Material Co ( (HK:3323) ) has issued an update.
Sinoma Science & Technology, a subsidiary of China National Building Material Co., reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s operating revenue decreased by 7.37% compared to the previous year, and net profit attributable to shareholders dropped by 59.89%. The decline in net profit after extraordinary gains or losses was even more pronounced at 80.48%. Despite the challenging year, the total assets of Sinoma Science & Technology increased by 5.22%, indicating some resilience in asset management. These results may impact the company’s market positioning and stakeholder confidence.
More about China National Building Material Co
China National Building Material Co. is involved in the building materials industry, with a focus on producing and supplying materials for construction. Its subsidiary, Sinoma Science & Technology, is listed on the Shenzhen Stock Exchange and specializes in advanced materials.
For a thorough assessment of 3323 stock, go to TipRanks’ Stock Analysis page.