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Wuling Motors Holdings Limited ( (HK:0305) ) has provided an announcement.
Wuling Motors Holdings Limited has announced a significant increase in net profit for the year ended December 31, 2024, with a 50% rise to approximately RMB 104 million compared to the previous year. This improvement is attributed to compensation rebates related to electric vehicle components, cost control measures, increased government grants, and reduced losses from associates, despite a decline in total revenue due to unfavorable market conditions.
More about Wuling Motors Holdings Limited
Wuling Motors Holdings Limited is a company involved in the automotive industry, primarily focusing on the production and supply of components for electric vehicles. The company operates with a market focus on leveraging cost control measures and government grants to enhance profitability.
YTD Price Performance: 9.76%
Average Trading Volume: 2,597,251
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$1.48B
Find detailed analytics on 0305 stock on TipRanks’ Stock Analysis page.