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China Hanking Holdings Reports Profit Growth and Resource Expansion in 2024

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China Hanking Holdings Reports Profit Growth and Resource Expansion in 2024

China Hanking Holdings Ltd. ( (HK:3788) ) has provided an announcement.

China Hanking Holdings Ltd. reported a profit increase of 16.34% for 2024, driven by stable production and cost reduction in its iron ore and high-purity iron segments. The company also expanded its resource base significantly, with the Shangma Mine reaching 110 million metric tons and the Cygnet Gold Project in Australia increasing its resources to 1.38 million ounces, enhancing its future growth prospects.

More about China Hanking Holdings Ltd.

China Hanking Holdings Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the iron ore and high-purity iron business. The company focuses on stable production and operational efficiency improvements, with a market focus on expanding its resource base in both iron ore and gold mining sectors.

YTD Price Performance: 29.87%

Average Trading Volume: 428,888

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$1.98B

For an in-depth examination of 3788 stock, go to TipRanks’ Stock Analysis page.

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