The latest announcement is out from Huayu Expressway Group Limited ( (HK:1823) ).
Huayu Expressway Group Limited reported its annual financial results for the year ended December 31, 2024, showing a significant decline in revenue and profit compared to the previous year. The company experienced a loss from continuing operations, with revenue dropping from RMB 407,104,000 in 2023 to RMB 198,145,000 in 2024, and a net loss of RMB 13,285,000 for the year. This downturn is attributed to the absence of profits from the discontinued Sui-Yue Expressway operation, which had contributed significantly to the previous year’s earnings.
More about Huayu Expressway Group Limited
Huayu Expressway Group Limited is a company incorporated in the Cayman Islands, primarily engaged in the expressway operation industry. The company focuses on the development and management of expressway infrastructure, providing essential transportation services.
Average Trading Volume: 110,085
Technical Sentiment Signal: Buy
Current Market Cap: HK$218.7M
See more data about 1823 stock on TipRanks’ Stock Analysis page.