An announcement from Contiocean Environment Tech Group Co., Ltd. Class H ( (HK:2613) ) is now available.
ContiOcean Environment Tech Group Co., Ltd. reported a revenue increase to approximately RMB614.4 million for the year ended December 31, 2024, with profits remaining stable at RMB120.3 million. The company’s revenue growth was driven by a 196% increase in Mainland China, attributed to rising investment demand in the shipbuilding market and an expanded customer base in domestic shipyards. However, overseas revenue declined by 25.2% due to clients’ preferences for domestic contracts and operational considerations. The company plans to enhance its marketing capabilities and expand global customer outreach.
More about Contiocean Environment Tech Group Co., Ltd. Class H
ContiOcean Environment Tech Group Co., Ltd. operates in the environmental technology sector, focusing on products and services related to shipbuilding and maritime operations. The company is involved in the global shipbuilding market, with a significant focus on expanding its customer base in domestic shipyards in China.
YTD Price Performance: -10.65%
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