Maike Tube Industry Holdings Limited ( (HK:1553) ) has issued an announcement.
Maike Tube Industry Holdings Limited reported its financial results for the year ending December 31, 2024, showing a 17.5% increase in revenue to RMB 2,574,330,000. However, the company’s profit decreased by 7.2% to RMB 141,820,000, and the gross profit margin fell from 17.5% to 14.7%, indicating challenges in maintaining profitability despite revenue growth.
More about Maike Tube Industry Holdings Limited
Maike Tube Industry Holdings Limited, incorporated in the Cayman Islands, specializes in the manufacturing of ERW steel pipes using electric resistance welding technology. The company focuses on the HVAC sector and operates through subsidiaries such as Delta Electric in Thailand and Jinan Ma Steel in China.
YTD Price Performance: -8.28%
Average Trading Volume: 85,658
Technical Sentiment Signal: Sell
Current Market Cap: HK$594.3M
See more data about 1553 stock on TipRanks’ Stock Analysis page.