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YCIH Green High-Performance Concrete Reports Significant Financial Decline in 2024

Story Highlights
  • YCIH Green High-Performance Concrete Co., Ltd. focuses on high-performance concrete in the construction industry.
  • The company reported a 50% drop in operating income and a 302.8% loss in net profit for 2024.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
YCIH Green High-Performance Concrete Reports Significant Financial Decline in 2024

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YCIH Green High-Performance Concrete Co., Ltd. Class H ( (HK:1847) ) has issued an announcement.

YCIH Green High-Performance Concrete Co., Ltd. has announced its annual financial results for the year ended December 31, 2024, revealing a significant decline in financial performance compared to the previous year. The company reported a 50% decrease in total operating income, with gross profit dropping by 77.3% and net profit showing a substantial loss of 302.8%. This downturn in financial metrics indicates challenges in the company’s operational efficiency and market conditions, potentially impacting its stakeholders and market positioning.

More about YCIH Green High-Performance Concrete Co., Ltd. Class H

YCIH Green High-Performance Concrete Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on the production and supply of high-performance concrete. The company operates within the construction materials industry, providing innovative concrete solutions aimed at enhancing building efficiency and sustainability.

YTD Price Performance: 16.22%

Average Trading Volume: 13,500

Technical Sentiment Signal: Buy

Current Market Cap: HK$57.57M

For detailed information about 1847 stock, go to TipRanks’ Stock Analysis page.

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