TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Zhixin Group Holding Limited ( (HK:2187) ) just unveiled an announcement.
Zhixin Group Holding Limited reported its audited financial results for the year ending December 31, 2024. The company experienced a significant decline in profitability, with a net loss of RMB 75,199,000 compared to a profit of RMB 10,078,000 in the previous year. This downturn was attributed to increased costs of sales, administrative expenses, and net impairment losses on financial assets, which outweighed the revenue growth from RMB 512,770,000 to RMB 580,370,000. The results indicate challenges in maintaining operational efficiency and profitability, potentially impacting stakeholders’ confidence.
More about Zhixin Group Holding Limited
Zhixin Group Holding Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong Limited under the stock code 2187.
YTD Price Performance: -16.38%
Average Trading Volume: 686,183
Technical Sentiment Signal: Buy
Current Market Cap: HK$362.8M
For an in-depth examination of 2187 stock, go to TipRanks’ Stock Analysis page.