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Sunfonda Group Holdings Ltd. ( (HK:1771) ) has provided an announcement.
Sunfonda Group Holdings Ltd. announced its annual results for the year ended December 31, 2024, revealing a significant decline in financial performance. The company reported an operating revenue of RMB8,608.9 million, marking a 21.6% decrease from the previous year. The sales volume of new vehicles fell by 15.8%, and revenue from new vehicle sales dropped by 24.4%. Despite a slight increase in used car sales revenue, the company experienced a gross loss of RMB29.8 million, compared to a gross profit in the previous year. The overall loss before tax was RMB187.7 million, with a net loss attributable to shareholders of RMB213.0 million, highlighting a challenging year for the company.
More about Sunfonda Group Holdings Ltd.
Sunfonda Group Holdings Ltd. is a company incorporated in the Cayman Islands, focusing on the automotive industry. It deals primarily in the sales of new and used vehicles, as well as providing after-sales services.
YTD Price Performance: 7.69%
Average Trading Volume: 47,733
Technical Sentiment Signal: Buy
Current Market Cap: HK$168M
Learn more about 1771 stock on TipRanks’ Stock Analysis page.