China Shenghai Group Limited (HK:1676) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
China Shenghai Group Limited, previously known as Gaodi Holdings Limited, has released its annual financial results for the year ended June 30, 2024, showing a net loss of RMB 79,931,000, a significant improvement from the previous eighteen-month period’s net loss of RMB 151,462,000. The revenue for the year stands at RMB 354,863,000 compared to RMB 530,207,000 in the prior period, reflecting a challenging economic environment. Despite the loss, the company has managed to reduce its total comprehensive expenses, indicating a potential stabilization in its financial performance.
For further insights into HK:1676 stock, check out TipRanks’ Stock Analysis page.