An update from Carry Wealth Holdings Limited ( (HK:0643) ) is now available.
Carry Wealth Holdings Limited reported an increase in revenue and gross profit for the year ended December 31, 2024, attributed to higher customer orders and sales volume. However, the company faced a significant loss due to rising operational costs, inflation, and supply chain challenges. The strategic decision to relocate production overseas, primarily to subcontractors in Cambodia and Indonesia, resulted in a substantial shift in production contributions. The securities investment segment remained conservative, with no fair value change recorded.
More about Carry Wealth Holdings Limited
Carry Wealth Holdings Limited operates primarily in the garment manufacturing and trading industry, producing garments for internationally renowned brand names. The company has production facilities in Heshan, Mainland China, but has shifted much of its manufacturing to overseas subcontractors. Additionally, the company has a securities investment segment trading on the Hong Kong Stock Exchange.
YTD Price Performance: -44.38%
Average Trading Volume: 662,727
Technical Sentiment Signal: Buy
Current Market Cap: HK$160.2M
See more data about 0643 stock on TipRanks’ Stock Analysis page.