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Weigang Environmental Technology Holding Group Ltd. ( (HK:1845) ) has provided an update.
Weigang Environmental Technology Holding Group Ltd. reported its annual results for the year ended December 31, 2024, showing a revenue decrease of 4.7% to RMB241.6 million. The company experienced a significant net loss of RMB55.3 million, compared to a minor net loss of RMB1.3 million in the previous year, with a stable gross profit margin of 24.0%. This financial performance indicates challenges in maintaining profitability and may impact stakeholders’ confidence.
More about Weigang Environmental Technology Holding Group Ltd.
Weigang Environmental Technology Holding Group Ltd. is a company incorporated in the Cayman Islands, focusing on environmental technology solutions. The company operates in the environmental sector, providing products and services aimed at addressing environmental challenges.
YTD Price Performance: -38.50%
Average Trading Volume: 64,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$164M
For a thorough assessment of 1845 stock, go to TipRanks’ Stock Analysis page.