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Huahong Technology: 2024 Annual Report Summary
Huahong Technology: 2024 Annual Report
Jiangsu Huahong Technology (002645.SZ): Expected net loss of 0.356 billion yuan in 2024.
Gelonghui, April 24丨Jiangsu Huahong Technology (002645.SZ) announced its annual report for 2024. In 2024, the company achieved a revenue of 5.576 billion yuan, a year-on-year decrease of 18.96%, and realized a net income attributable to parent company owners of -0.356 billion yuan. The company conducted an impairment test on the goodwill resulting from the acquisition of Jiangsu Willman Technology Co., Ltd. According to the relevant provisions of enterprise accounting standards, combined with predictions on Willman's future operation and profit levels, the company made a goodwill impairment provision of 0.334 billion yuan for 2024. Excluding the impact of the goodwill impairment provision, the company's
Investors Still Aren't Entirely Convinced By Jiangsu Huahong Technology Co., Ltd.'s (SZSE:002645) Revenues Despite 26% Price Jump
Even After Rising 8.7% This Past Week, Jiangsu Huahong Technology (SZSE:002645) Shareholders Are Still Down 56% Over the Past Three Years
Jiangsu Huahong Technology (002645.SZ): A subsidiary signed the "2025 Annual Cooperation Agreement for the Procurement of Praseodymium and Neodymium Products" with China Northern Rare Earth.
On March 6, Gelonghui reported that Jiangsu Huahong Technology (002645.SZ) announced that its wholly-owned subsidiary Xintai Technology and its subordinate subsidiaries Wanhong High-tech and Jishui Jincheng signed the "Cooperation Agreement for Purchasing Praseodymium Neodymium Products for the Year 2025" with China Northern Rare Earth. To secure the supply of rare earth oxides for Xintai Technology over the next 11 months (from February 2025 to December 2025), and based on the principles of honesty, mutual benefit, and win-win cooperation, all parties have signed a cooperation agreement regarding the business cooperation of rare earth oxide products. The total annual amount is 1,100-1,650 tons, with a monthly order volume of 100-150 tons.
Market Might Still Lack Some Conviction On Jiangsu Huahong Technology Co., Ltd. (SZSE:002645) Even After 41% Share Price Boost
