tiprankstipranks
Trending News
More News >

Hebei Yichen Reports Financial Losses for 2024 Amid Revenue Decline

Story Highlights
Hebei Yichen Reports Financial Losses for 2024 Amid Revenue Decline

Hebei Yichen Industrial Group Corporation Limited Class H ( (HK:1596) ) just unveiled an update.

Hebei Yichen Industrial Group Corporation Limited reported a decrease in operating revenue and gross profit for the year ended December 31, 2024, with total losses amounting to approximately RMB57.5 million. The company experienced a significant decline in net profits compared to the previous year, reflecting challenges in its financial performance. Despite the losses, the board recommended a final dividend payment of RMB0.0168 per share, indicating a commitment to shareholder returns.

More about Hebei Yichen Industrial Group Corporation Limited Class H

Hebei Yichen Industrial Group Corporation Limited is a joint stock limited liability company incorporated in the People’s Republic of China. The company operates in the industrial sector, focusing on manufacturing and related services.

YTD Price Performance: -12.69%

Average Trading Volume: 390,900

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.04B

For detailed information about 1596 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App