Cinese International Group Holdings Limited ( (HK:1620) ) has provided an update.
Cinese International Group Holdings Limited reported a significant decline in its financial performance for the year ended December 31, 2024. The company experienced a 7.2% decrease in revenue and a 22.4% drop in gross profit, resulting in a substantial loss of HK$44.5 million compared to a profit of HK$2.9 million in the previous year. This downturn reflects challenges in the company’s operations, impacting its profitability and potentially affecting stakeholder confidence.
More about Cinese International Group Holdings Limited
Cinese International Group Holdings Limited is a company incorporated in Ontario, Canada, and continued in the Cayman Islands with limited liability. It operates in an unspecified industry, providing products or services that are not detailed in the announcement.
YTD Price Performance: -21.67%
Average Trading Volume: 219,411
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$56.4M
See more insights into 1620 stock on TipRanks’ Stock Analysis page.