Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
XXF Group Holdings Ltd. ( (HK:2473) ) has provided an announcement.
XXF Group Holdings Ltd. announced its audited consolidated annual results for the year ended December 31, 2024, reporting a 12.2% increase in revenue to RMB 1,464,084,000. However, the company experienced a significant decline in profit before income tax and profit for the year, with decreases of 58.9% and 63.8% respectively. Despite these challenges, the adjusted net profit showed a slight increase of 3.1%. The announcement comes amid a resilient Chinese economy and a robust automobile industry, with notable growth in new energy vehicle production and sales, positioning China as a global leader in this sector.
More about XXF Group Holdings Ltd.
XXF Group Holdings Ltd. is an established automobile retailer in the People’s Republic of China, primarily offering automobile finance lease services through self-operated sales outlets. The company’s main businesses include automobile retail and finance, automobile-related services such as operating leases, and outright car sales, focusing on non-luxury automobiles.
YTD Price Performance: 41.01%
Average Trading Volume: 2,894,559
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$10.41B
Find detailed analytics on 2473 stock on TipRanks’ Stock Analysis page.