China MeiDong Auto Holdings Reports Financial Loss for 2024

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China MeiDong Auto Holdings Reports Financial Loss for 2024

An announcement from China MeiDong Auto Holdings ( (HK:1268) ) is now available.

China MeiDong Auto Holdings Limited reported a significant financial downturn for the year ended December 31, 2024, with a revenue of RMB22,154.0 million but a substantial loss of RMB2,258.8 million. The loss was primarily due to a non-cash impairment of goodwill and intangible assets amounting to RMB2,911.0 million, alongside other amortized costs. Despite these challenges, the company proposed a final dividend of RMB0.0445 per ordinary share, indicating a commitment to returning value to shareholders.

More about China MeiDong Auto Holdings

China MeiDong Auto Holdings Limited, incorporated in the Cayman Islands, operates in the automotive industry, focusing on car dealership services. The company is listed on the Hong Kong Stock Exchange under the stock code 1268.

YTD Price Performance: -8.57%

Average Trading Volume: 50,000

Technical Sentiment Signal: Strong Buy

Current Market Cap: $419M

For detailed information about 1268 stock, go to TipRanks’ Stock Analysis page.

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