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HENGDELI (03389.HK) annual revenue is 1.044 billion yuan, a decrease of 26.6% year-on-year.
Gelonghui reported on March 20 that HENGDELI (03389.HK) announced that for the year ending December 31, 2024, the company's revenue was 1.044 billion RMB, a decrease of 26.6% year-on-year; the loss attributable to shareholders was 65.16 million, compared to a profit of 33.885 million in the same period last year. The main reasons for the annual loss are: decline in sales and gross profit, increase in depreciation expenses for properties, plants, and equipment, and Forex exchange losses generated by operational units due to exchange rate fluctuations.
Express News | Hengdeli Holdings FY Gross Margin 14.3%
HENGDELI: (1) ANNUAL RESULTS ANNOUNCEMENT FORTHE YEAR ENDED 31 DECEMBER 2024; AND(2) PROPOSED AMENDMENTS TOTHE MEMORANDUM AND ARTICLES OF ASSOCIATION
HENGDELI (03389.HK) plans to hold a Board of Directors meeting on March 20 to approve the annual performance.
Gelonghui reported on March 7 that HENGDELI (03389.HK) announced that the Board of Directors will hold a meeting on March 20, 2025 (Thursday) at 11:00 AM to approve (including) the annual performance of the company and its subsidiaries for the year ending December 31, 2024 and its release, consider the proposal for the payment of a final dividend (if any), and address any other matters.
HENGDELI: DATE OF BOARD MEETING
HENGDELI (03389.HK) profit warning: it is expected that the Shareholder's attributable loss for the fiscal year 2024 will not be less than 65 million yuan.
On March 7, Gelonghui reported that HENGDELI (03389.HK) announced that for the fiscal year ending December 31, 2024, the company expects to record a Shareholder's attributable loss of not less than 65 million yuan for the reporting year, compared to a Shareholder's attributable profit of approximately 33.885 million yuan for the corresponding period in 2023. The primary reasons for the shift from profit to loss in the reporting year are: (1) decline in sales and gross profit; (2) increase in depreciation expenses for property, plant, and equipment; and (3) foreign exchange losses incurred by operating units due to fluctuations in Exchange Rates.
