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RUIFENG POWER announced its annual results, with the profit attributable to Shareholders being 19.32 million yuan, an increase of 71.46% year-on-year.
RUIFENG POWER (02025) announced its annual performance for the year ending December 31, 2024, with revenue of 0.957 billion yuan (RMB, the same below), an increase of 33.18% year-on-year; profit attributable to Shareholders of 19.32 million yuan, an increase of 71.46% year-on-year; basic earnings per share of 0.024 yuan; a proposed final dividend of 2 Hong Kong cents per share. The announcement stated that the increase in revenue was mainly due to the rise in cylinder block and cylinder head sales.
Express News | Ruifeng Power Group Company FY Capex RMB 239.2 Million
Express News | Ruifeng Power Group Company FY Gross Margin 10.6%
RUIFENG POWER: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
RUIFENG POWER (02025.HK) profit alert: Expected annual revenue to increase by approximately 33.2%.
On March 20, Gelonghui reported that RUIFENG POWER (02025.HK) announced that the group expects to record a profit attributable to the company's equity shareholders of approximately RMB 17.5 million to RMB 20.5 million for the year ending December 31, 2024, representing an increase of approximately 54.9% to 81.4% compared to the net income of approximately RMB 11.3 million for the year ending December 31, 2023. This growth is mainly attributed to (i) a revenue increase of approximately 33.2% to RMB 956.9 million (last year: RMB 718.5 million), primarily driven by an increase in sales volume.
Express News | Ruifeng Power - Expected Net Profit of RMB17.5 Mln to RMB20.5 Mln for 2024
