Jiutian Chemical Group Limited (SG:C8R) has released an update.
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Jiutian Chemical Group Limited reported a dramatic 93% drop in revenue for the third quarter of 2024, as the company halted production to improve efficiencies amid a down market. Despite the revenue decline, the company managed to reduce its net loss significantly to RMB 36.91 million, down from RMB 68.61 million a year earlier, highlighting a cautious approach to production. This strategic decision reflects a focus on long-term operational improvements, which could pique the interest of investors looking for recovery stories.
For further insights into SG:C8R stock, check out TipRanks’ Stock Analysis page.
