Xinyi Glass Holdings Reports Decline in 2024 Financial Results

The latest announcement is out from Xinyi Glass Holdings ( (HK:0868) ).

Xinyi Glass Holdings Limited reported its financial results for the year ended December 31, 2024, showing a decline in revenue and profit compared to the previous year. The company’s revenue decreased by 8.1% to RMB 22,323.6 million, and profit attributable to equity holders dropped by 31% to RMB 3,369.2 million. Earnings per share also fell by 32.6%, and the proposed final dividend per share saw a significant reduction of 73%. These results indicate a challenging year for Xinyi Glass, potentially impacting its market position and stakeholder confidence.

More about Xinyi Glass Holdings

Xinyi Glass Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the production and sales of glass products. The company operates in the glass manufacturing industry, focusing on providing high-quality glass solutions to various sectors.

YTD Price Performance: -2.96%

Average Trading Volume: 1,812

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $4.16B

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