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The impact of tariffs on the U.S. has already been seen: truck Transportation volume at the Port of Los Angeles has dropped by 23%, and large-scale layoffs are about to occur.
Due to the impact of tariffs, the volume of goods entering the Port of Los Angeles, the largest port in the United States, has sharply declined. A CEO in the Logistics Industry stated that the truck Transportation volume at the port has decreased by 23% year-on-year, and if the trade war is not resolved, it may drop to 50% in the coming weeks, with truck drivers facing large-scale layoffs. Some media pointed out that the significant decline in Logistics may lead to the collapse of certain parts of the warehousing Industry Chain in Southern California.
XIANGXING INT: ANNUAL REPORT 2024
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Revenues Tell The Story For Xiangxing International Holding Limited (HKG:1732) As Its Stock Soars 33%
XIANGXING INT (01732.HK) is expected to have revenue of approximately 0.233 billion yuan in 2024, representing a year-on-year growth of about 32.5%.
On March 31, GELONGHUI announced that XIANGXING INT (01732.HK) expects its revenue for the fiscal year ending December 31, 2024, to be approximately RMB 0.233 billion, representing a year-on-year increase of about 32.5%. The group's annual loss is approximately RMB 4.893 million (for the fiscal year ending December 31, 2023: annual profit of about RMB 10.521 million), with the main reason for the decline being the impairment of accounts receivable. Loss per share is 0.38 RMB cents. In the face of a complex and changing domestic and international market environment, particularly against the backdrop of greater challenges facing traditional industries, the group strives to overcome market instability.
XIANGXING INT (01732) announced its 2024 results, with a loss attributable to Shareholders of 4.694 million yuan, reversing from profit to loss year-on-year.
XIANGXING INT (01732) announced its 2024 performance, with revenue from customer contracts of approximately 0.233 billion yuan, a year-on-year increase...
