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The Returns At Chongqing Machinery & Electric (HKG:2722) Aren't Growing
CHONGQING M&E (02722) will distribute a final dividend of 3.5 cents per share on July 25.
CHONGQING M&E (02722) announced that it will distribute a final dividend of 3.5 cents per share on July 25, 2025.
In 2024, CHONGQING M&E (02722.HK) is expected to have a profit attributable to shareholders of 0.43 billion yuan, representing a year-on-year increase of approximately 42.0%.
On March 20, GELONHUI announced that CHONGQING M&E (02722.HK) has reported its performance for the year ending December 31, 2024, with a revenue of approximately 8.919 billion yuan, an increase of about 10.7%; the profit attributable to shareholders was around 0.43 billion yuan, reflecting a growth of approximately 42.0%; earnings per share were about 0.12 yuan. In 2024, the Industrial Wind Turbine Business of the Group’s Clean Energy Equipment Sector was impacted by the decline in traditional industries such as Steel and Cement, as well as intense market competition, while the Hydropower Equipment Business experienced a performance decline due to the economic downturn and project delays from clients.
Express News | Chongqing Machinery & Electric FY Capex RMB 144.4 Million
Express News | Chongqing Machinery & Electric FY Revenue RMB 8,919.2 Million
Express News | Chongqing Machinery & Electric FY Gross Profit RMB 1,555.3 Million
