Xinming China Holdings Reports Sharp Decline in 2022
Company Announcements

Xinming China Holdings Reports Sharp Decline in 2022

Xinming China Holdings Limited (HK:2699) has released an update.

Xinming China Holdings Limited reported a significant downturn for the year ended December 31, 2022, with revenue dropping by 65.4% and gross profit by 74.2% from the previous year. The company faced a substantial loss of approximately RMB2,250.4 million and has decided not to issue a final dividend for 2022.

For further insights into HK:2699 stock, check out TipRanks’ Stock Analysis page.

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