Honghua Group (00196) issued an announcement. The Group expects shareholders of the company for the year ended December 31, 2023...
According to the Zhitong Finance App, Honghua Group (00196) issued an announcement. The Group expects losses from shareholders of the company for the year ended December 31, 2023 to drop sharply compared to losses of about RMB 634 million for the year ended December 31, 2022. The loss is expected to drop by about 20% to 45%. Mainly due to the company seizing opportunities for energy market recovery, actively expanding domestic and international markets, and achieving significant growth in orders and revenue for drilling equipment and related products. At the same time, the company continuously optimized cost management and improved the level of operation management, and the loss situation improved significantly compared to the previous year.