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Trans-China Automotive Holdings Ltd. ( (SG:VI2) ) just unveiled an update.
Trans-China Automotive Holdings Limited reported a significant decline in its financial performance for the first quarter of 2025, with total revenue dropping by 33.7% compared to the same period in the previous year. The company faced negative gross margins on car sales and a negative total contribution from new car sales, prompting the implementation of brand rationalization and cost-cutting initiatives. Despite the challenging market conditions, the company saw a notable increase in revenue from agent commissions.
More about Trans-China Automotive Holdings Ltd.
Trans-China Automotive Holdings Limited is a company incorporated in the Cayman Islands, with its main operations based in Hong Kong. The company operates in the automotive industry, focusing on the sale of new and pre-owned automobiles, as well as providing after-sales services and agent commission services.
Average Trading Volume: 419,430
Technical Sentiment Signal: Sell
Current Market Cap: S$18.28M
For detailed information about VI2 stock, go to TipRanks’ Stock Analysis page.