Wenye Group Holdings Limited (HK:1802) has released an update.
Wenye Group Holdings Limited has reported a significant decline in its financial performance for the first half of 2024 with revenues plummeting to RMB 13,524 from RMB 62,404 in the same period the previous year. The company’s gross profit margin also decreased to 5.9% from 7.0%, and they faced a considerable loss attributed to owners at RMB 21,685, a steep increase from the RMB 4,686 loss reported in the first half of 2023. The basic and diluted loss per share has worsened, now at RMB 0.04 compared to RMB 0.01 in the prior-year period.
For further insights into HK:1802 stock, check out TipRanks’ Stock Analysis page.
