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HXTL (01085.HK) has an estimated revenue increase of approximately 11.7% in 2024, reaching 2.52 billion yuan.
On March 25, Gelonghui reported that HXTL (01085.HK) announced its annual results for the year ending December 31, 2024, with revenue increasing by approximately 11.7% to about RMB 2.52 billion. The profit attributable to the equity shareholders of the company decreased by approximately 39.5% to about RMB 42.2 million. The basic earnings per share were RMB 0.097; the company does not recommend the payment of a final dividend for the fiscal year ending December 31, 2024. The increase in revenue for the fiscal year 2024 compared to the fiscal year 2023 was due to the completion of the acquisition of Zhejiang Zhongguang New Energy Technology in July 2023.
Express News | Hengxin Technology FY Pretax Profit RMB 88.7 Million
Express News | Hengxin Technology FY Gross Profit RMB 467.3 Million
Express News | Hengxin Technology FY Gross Margin 18.5%
HXTL: ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
HXTL (01085.HK) expects that the annual net income attributable to shareholders will decrease by approximately 35%-45% year-on-year.
Gelonghui March 20丨HXTL (01085.HK) announced that the unaudited Net income for the twelve months ending December 31, 2024, is expected to decrease by approximately 25% to 35% compared to the audited Net income of approximately RMB 0.104 billion for the year ending December 31, 2023; and the unaudited Net income attributable to Shareholders is expected to decrease by approximately 35% to 45% compared to the audited Net income attributable to Shareholders of approximately RMB 69.702 million for the year ending December 31, 2023. The profit during the reporting period is lower than that for the year ending December 31, 2023.
