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Smart Communication Hong Kong Stock Investment Diary | December 11
Hong Kong Stock Investment Log | December 11, 2024
C HIGHPRECISION: ANNUAL REPORT 2024
Revenues Not Telling The Story For China High Precision Automation Group Limited (HKG:591) After Shares Rise 37%
c highprecision (00591.HK) annual revenue of 0.139 billion yuan, a decrease of 1.6% year-on-year
GeLongHui September 30th | China Highprecision (00591.HK) announced that as of June 30, 2024, the company's annual performance achieved revenue of 0.139 billion yuan, a decrease of 1.6% year-on-year; the net loss attributable to owners of the company was 32.735 million yuan, an increase of 44.3% year-on-year; both basic and diluted losses per share were 3.16 RMB. The revenue decreased by approximately 1.6% compared to last year. The main reason for the decrease was due to the situation of sluggish global economy, with the downstream market demand of some group companies decreasing more than expected, and intense competition in the (i) automation instruments and technical products; and (ii) clock and watch instrument industry markets.
c highprecision (00591) announced annual performance, shareholders' attributable loss of 32.735 million yuan, a year-on-year increase of 44.26%.
c highprecision (00591) announced its full-year performance for the year ending June 30, 2024, during the reporting period, the group achieved...
C HIGHPRECISION: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2024