Lonking Holdings ( (HK:3339) ) has issued an announcement.
Lonking Holdings Limited has announced its annual financial results for the year ended December 31, 2024. The company reported a revenue of RMB 10,213,556,000, a slight decrease from the previous year. However, the profit before tax increased significantly to RMB 1,217,182,000, up from RMB 772,657,000 in 2023. This improvement in profitability is attributed to reduced cost of sales and other gains, despite a decrease in revenue. The earnings per share for ordinary equity holders also rose to RMB 0.24 from RMB 0.15, indicating a positive impact on shareholder value.
More about Lonking Holdings
Lonking Holdings Limited, incorporated in the Cayman Islands, operates in the heavy machinery industry. The company primarily focuses on manufacturing and selling construction machinery and equipment, with a market focus on China and other international markets.
YTD Price Performance: 21.05%
Average Trading Volume: 7,745
Technical Sentiment Signal: Sell
Current Market Cap: $1B
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