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In the report, China Graphite (02237.HK) turned from profit to a loss of 12.501 million yuan last year and did not declare a dividend.
China Graphite (02237.HK) announced its full-year results for the year ending December last year, with a revenue of 0.142 billion yuan (RMB), a year-on-year decline of 29.5%. The company turned from profit to a loss of 12.501 million yuan, compared to a profit of 21.318 million yuan in the same period last year; earnings per share loss of 0.78 cents. No dividend was declared.
CHINA GRAPHITE: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
Announcement Highlights | Official announcement! GTJA plans to rename itself to "GTJA HAITONG SEC"; CHINAHONGQIAO's Net income for 2024 is expected to increase by more than 95% year-on-year.
Ideal Autos' vehicle sales revenue in 2024 is 138.5 billion yuan, an increase of 15.2% year-on-year; China Shenhua Energy: coal sales volume for the first two months is 64.7 million tons, a decrease of 16.3% year-on-year.
Hong Kong stock market morning news | In February, nearly one trillion yuan of new Crediting was added in our country, and in the first two months, Coal sales volume of China Shenhua Energy decreased by more than 16% year-on-year.
① China's central bank released the financial data for February, with new Crediting approaching one trillion. ② The government launched a special action plan to boost Consumer spending, involving the stock market, wages, childbirth, Retirement, and other areas. ③ The Ministry of Industry and Information Technology arranged overnight investigations into issues exposed in the "3.15" gala. ④ The China Real Estate Association held a discussion meeting for private real estate companies.
In the warning, China Graphite (02237.HK) reported a decrease in revenue, estimating an annual loss of up to 14 million yuan.
China Graphite (02237.HK) issued a profit warning, expecting a post-tax loss of no more than 14 million RMB in 2024, compared to a post-tax net profit of 21.3 million RMB in the previous year. This is mainly due to the slowdown in growth in the anode Industry downstream market and intense competition in the graphite market, which has led to further declines in sales prices of the group's graphite products and sales volume of spherical graphite, resulting in decreased revenue and profit.
China Graphite Group Anticipates Net Loss for FY2024 Amid Market Challenges