Taizhou Water Group Reports Increased Losses and Declines in Revenue for 2024

Taizhou Water Group Co., Ltd. Class H ( (HK:1542) ) just unveiled an announcement.

Taizhou Water Group Co., Ltd. reported a decrease in revenue by 0.9% to approximately RMB600.8 million for the year ending December 31, 2024, compared to the previous year. The company also experienced a widened loss of approximately RMB118.0 million, up from RMB110.5 million in 2023. The loss attributable to owners of the parent increased to RMB95.6 million, and the basic loss per share was RMB0.48. The board has decided not to recommend a final dividend for the year. These results highlight ongoing financial challenges for the company, impacting its profitability and potentially affecting stakeholder confidence.

More about Taizhou Water Group Co., Ltd. Class H

Taizhou Water Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the water supply industry. The company is listed on the Hong Kong Stock Exchange and focuses on providing water supply services.

YTD Price Performance: 3.12%

Average Trading Volume: 19,083

Technical Sentiment Signal: Buy

Current Market Cap: HK$82.5M

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