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Zhejiang Tengy Environmental Technology Co., Ltd. Class H ( (HK:1527) ) has issued an announcement.
Zhejiang Tengy Environmental Technology Co., Ltd has announced a positive profit alert, expecting a significant increase in net profit for the year ended December 31, 2024, reaching approximately RMB84.6 million, compared to RMB42.7 million in the previous year. This growth is attributed to a decrease in raw material costs, securing higher profit margins from large-scale projects, and despite an increase in administrative expenses. The final financial results are yet to be audited and will be published by the end of March 2025.
More about Zhejiang Tengy Environmental Technology Co., Ltd. Class H
Zhejiang Tengy Environmental Technology Co., Ltd is a joint stock company based in the People’s Republic of China, focusing on the environmental technology industry. The company specializes in providing environmental solutions and products, with a market focus on large-scale projects where it holds a competitive edge.
YTD Price Performance: 9.28%
Average Trading Volume: 81,593
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$140.4M
See more data about 1527 stock on TipRanks’ Stock Analysis page.