The latest update is out from Winox Holdings Limited ( (HK:6838) ).
Winox Holdings Limited reported a challenging financial year ending December 31, 2024, with a 12% decrease in revenue to HK$681,678,000 and a significant drop in gross profit by 51.2% to HK$109,444,000. The company faced a loss of HK$20,329,000, attributed to sluggish demand for luxury personal goods amidst global economic challenges, including high interest rates in the US, the Euro zone’s military conflicts, and China’s slow recovery. Despite these challenges, the mobile phone cases and parts segment saw a revenue increase of 7.3%, highlighting a potential area of resilience.
More about Winox Holdings Limited
Winox Holdings Limited focuses on the development and manufacture of premium stainless steel products, with major business segments including watch bracelets, mobile phone cases and parts, smart wearable cases and parts, and fashion accessories.
YTD Price Performance: -5.26%
Average Trading Volume: 119,768
Technical Sentiment Signal: Buy
Current Market Cap: HK$216M
Learn more about 6838 stock on TipRanks’ Stock Analysis page.