Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) just unveiled an announcement.
Beijing SinoHytec Co., Ltd. reported a significant decline in its financial performance for 2024, with total operating revenue dropping by 54.21% and net losses increasing substantially. The company attributes these results to the early stage of commercialization in the fuel cell industry and macroeconomic uncertainties impacting the supply chain, leading to cash flow challenges and project delays.
More about Beijing SinoHytec Co., Ltd. Class H
Beijing SinoHytec Co., Ltd. operates in the fuel cell industry, focusing on the commercialization of fuel cell technologies. The company is involved in the production and sales of fuel cell systems, primarily targeting the vehicle industry.
YTD Price Performance: 2.92%
Average Trading Volume: 270,871
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$5.84B
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