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Zhengye International Holdings Reports Positive Financial Turnaround in 2024

Story Highlights
  • Zhengye International Holdings reported increased revenue and a return to profitability in 2024.
  • The company recommended a higher final dividend, signaling improved shareholder returns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zhengye International Holdings Reports Positive Financial Turnaround in 2024

Elevate Your Investing Strategy:

Zhengye International Holdings Co., Ltd. ( (HK:3363) ) has provided an announcement.

Zhengye International Holdings Co., Ltd. reported its annual financial results for the year ending December 31, 2024, showing a revenue increase to RMB 2,435,830,000 from RMB 2,390,517,000 in 2023. The company achieved a gross profit margin of 12.06% and an EBITDA of RMB 203,168,000, with a notable turnaround in profit attributable to owners at RMB 36,392,000 compared to a loss in the previous year. The board recommended a final dividend of HKD 2.20 cents per share, reflecting an increase from the previous year’s dividend. This financial performance indicates a positive shift in the company’s profitability and shareholder returns.

More about Zhengye International Holdings Co., Ltd.

YTD Price Performance: 9.21%

Average Trading Volume: 29,200

Technical Sentiment Signal: Buy

Current Market Cap: HK$207.5M

Find detailed analytics on 3363 stock on TipRanks’ Stock Analysis page.

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