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The latest announcement is out from TUHU Car Inc. Class A ( (HK:9690) ).
TUHU Car Inc. announced its audited consolidated financial results for the year ending December 31, 2024, showing a revenue increase of 8.5% compared to 2023. Despite the revenue growth, the profit for the year significantly dropped by 92.8%, highlighting challenges in profitability. The company’s operating profit more than doubled, indicating operational improvements, but the drastic fall in profit suggests potential issues that stakeholders need to consider.
More about TUHU Car Inc. Class A
TUHU Car Inc. operates in the automotive industry and is incorporated in the Cayman Islands. The company is controlled through a weighted voting rights structure, with Class A and Class B shares, allowing significant influence by certain shareholders over company resolutions. This structure poses potential risks for investors as the interests of weighted voting rights beneficiaries may not align with those of other shareholders.
YTD Price Performance: 0.89%
Average Trading Volume: 2,128,609
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$13.8B
For detailed information about 9690 stock, go to TipRanks’ Stock Analysis page.