CDT Environmental Technology Investment Holdings Limited ( (CDTG) ) has provided an update.
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CDT Environmental Technology Investment Holdings Limited reported a decline in revenue and net income for the first half of 2024, mainly due to reduced project activity amid the economic slowdown in China. Despite the challenging market conditions, the company maintained a stable core revenue and a gross margin of 35.5%, aided by cost reduction initiatives and restructuring efforts. The company’s outlook anticipates continued pressure on revenue growth and profitability due to the PRC’s economic challenges; however, CDT remains focused on long-term investment opportunities in water conservation and environmental regulation.
More about CDT Environmental Technology Investment Holdings Limited
CDT Environmental Technology Investment Holdings Limited, headquartered in Shenzhen, China, is a prominent player in the waste treatment sector. The company engages in the design, development, manufacturing, and maintenance of sewage treatment systems and services, focusing on innovative solutions for sustainable environmental practices. It is a recognized brand in China with a commitment to customer satisfaction and has completed over 150 plants across the country.
YTD Price Performance: 27.27%
Average Trading Volume: 122,866
Technical Sentiment Consensus Rating: Strong Sell
See more data about CDTG stock on TipRanks’ Stock Analysis page.
