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Huisheng International Holdings Reports 2024 Annual Results with Reduced Losses

Story Highlights
  • Huisheng International Holdings reported a revenue drop to RMB 44,279,000 in 2024.
  • The company faced a loss before taxation of RMB 24,214,000, showing financial challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Huisheng International Holdings Ltd. ( (HK:1340) ) just unveiled an update.

Huisheng International Holdings Limited announced its audited consolidated results for the year ended 31 December 2024, reporting a significant decrease in revenue from RMB 68,297,000 in 2023 to RMB 44,279,000 in 2024. The company faced a substantial loss before taxation of RMB 24,214,000, although this was an improvement from the previous year’s loss of RMB 146,935,000. The results indicate ongoing financial challenges, including write-offs and impairment losses, which could impact the company’s market positioning and stakeholder confidence.

More about Huisheng International Holdings Ltd.

Huisheng International Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 1340.

YTD Price Performance: 5.71%

Average Trading Volume: 522,139

Technical Sentiment Signal: Hold

Current Market Cap: HK$34.15M

See more data about 1340 stock on TipRanks’ Stock Analysis page.

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