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Contiocean Environment Tech Group Co., Ltd. Class H ( (HK:2613) ) has shared an announcement.
Contiocean Environment Tech Group Co., Ltd. reported a significant decline in revenue and profit for the first half of 2025, with revenue dropping to RMB143.5 million from RMB336.5 million in the same period of 2024, and profit falling to RMB6.1 million from RMB82.1 million. The company attributes the decrease in Mainland China revenue to the long-cycle nature of new orders, while overseas revenue was impacted by geopolitical tensions, tariff volatility, and constraints in shipyard slots. Despite these challenges, the company is actively pursuing strategies to expand into new markets and develop new products to mitigate these adverse impacts.
The most recent analyst rating on (HK:2613) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Contiocean Environment Tech Group Co., Ltd. Class H stock, see the HK:2613 Stock Forecast page.
More about Contiocean Environment Tech Group Co., Ltd. Class H
Contiocean Environment Tech Group Co., Ltd. operates in the environmental technology sector, focusing on products and services that cater to environmental needs. The company is involved in both domestic and international markets, with a significant portion of its operations based in Mainland China.
Average Trading Volume: 7,608
Technical Sentiment Signal: Strong Buy
For detailed information about 2613 stock, go to TipRanks’ Stock Analysis page.