Xingda International Holdings ( (HK:1899) ) has provided an update.
Xingda International Holdings Limited reported its annual financial results for the year ending December 31, 2024, showing a revenue increase of 3.9% to RMB 11,940.4 million. However, the company experienced a decline in profitability, with a 40.1% drop in profit attributable to owners and a decrease in earnings per share by 47.4%. The results indicate challenges in maintaining profit margins despite revenue growth, which may impact the company’s market positioning and stakeholder confidence.
More about Xingda International Holdings
Xingda International Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the manufacturing and sale of radial tire cords, bead wires, and other wire products. It operates within the automotive industry, focusing on providing essential components for tire manufacturing.
YTD Price Performance: 13.10%
Average Trading Volume: 2,800
Technical Sentiment Signal: Strong Sell
Current Market Cap: $307M
For detailed information about 1899 stock, go to TipRanks’ Stock Analysis page.