China Renaissance Holdings ( (HK:1911) ) just unveiled an announcement.
China Renaissance Holdings Limited reported its audited consolidated annual results for the year ending December 31, 2024, showing a decrease in total revenue from RMB 1,006,094,000 in 2023 to RMB 777,104,000 in 2024. Despite a reduction in operating loss from RMB 197,817,000 in 2023 to RMB 41,640,000 in 2024, the company still faced a significant loss for the year attributable to owners, amounting to RMB 179,017,000. The company uses a non-IFRS measure of adjusted net loss to provide a clearer picture of its operating performance, which showed an adjusted net loss of RMB 300,837,000 for 2024. This financial performance indicates challenges in maintaining profitability and may impact stakeholder confidence.
More about China Renaissance Holdings
China Renaissance Holdings Limited is a financial services company based in the Cayman Islands, focusing on providing investment banking, asset management, and other financial services. The company operates primarily in the Chinese market, serving a range of clients including corporations and investors.
YTD Price Performance: 7.40%
Technical Sentiment Signal: Buy
Current Market Cap: $258.2M
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