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Honghua Group ( (HK:0196) ) has issued an update.
Honghua Group Limited announced its annual financial results for the year ending December 31, 2024, showing a 2.9% increase in turnover and a significant improvement in gross profit margin from 9.9% to 12.0%. The company reported a turnaround from a loss to an operating profit of RMB 148,179,000, with profit attributable to shareholders also moving from a loss to a positive RMB 7,576,000. Despite these improvements, the Board decided not to recommend an annual dividend. The results were reviewed by the Audit Committee and agreed upon by the auditor, Deloitte Touche Tohmatsu, although no assurance conclusion was provided.
More about Honghua Group
Honghua Group Limited is a company incorporated in the Cayman Islands, operating within the industrial sector. The company is primarily involved in manufacturing and providing services related to heavy machinery and equipment, focusing on the energy sector.
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