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Tiangong International Co. Ltd. ( (HK:0826) ) has provided an update.
Tiangong International Co. Ltd. reported its annual financial results for the year ending December 31, 2024, showing a decline in revenue by 6.4% to RMB 4,832 million compared to the previous year. Despite the decrease in gross profit by 14% and net profit by 3.1%, the company managed to slightly improve its profit margin attributable to equity shareholders by 0.2 percentage points. The company’s net assets increased by 0.9%, while net debt rose by 7.4%, resulting in a net gearing ratio of 33%. These financial results indicate a challenging year for Tiangong International, with implications for its financial stability and potential investor concerns.
More about Tiangong International Co. Ltd.
YTD Price Performance: 7.27%
Average Trading Volume: 3,245
Technical Sentiment Signal: Sell
Current Market Cap: €692.2M
See more insights into 0826 stock on TipRanks’ Stock Analysis page.