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Xingye Alloy Materials Group Limited ( (HK:0505) ) has provided an announcement.
Xingye Alloy Materials Group Limited announced its annual results for the year ended December 31, 2024, reporting a significant increase in revenue and profit compared to the previous year. The company’s revenue rose to RMB 8,053,401,000 from RMB 6,323,174,000 in 2023, while profit for the year increased to RMB 241,581,000 from RMB 187,692,000. This growth reflects the company’s strong operational performance and improved market positioning, which may positively impact stakeholders and enhance its competitive standing in the alloy materials industry.
More about Xingye Alloy Materials Group Limited
Xingye Alloy Materials Group Limited is a company incorporated in the Cayman Islands, operating in the alloy materials industry. The company focuses on producing and distributing alloy materials, serving various industrial sectors.
YTD Price Performance: -1.92%
Average Trading Volume: 172,216
Technical Sentiment Signal: Sell
Current Market Cap: HK$916.2M
For an in-depth examination of 0505 stock, go to TipRanks’ Stock Analysis page.