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Hengdeli Returns to 2023 Profit
Hengdeli Holdings (HKG:3389) recorded an attributable profit of 33.9 million yuan for the year 2023, as compared to an attributable loss of 80 million yuan during the year-ago period, a filing posted
Hendry (03389.HK)'s annual revenue of 1.42 billion yuan increased 12.9% year-on-year
On March 20, GLONGHUI | Hengdeli (03389.HK) announced that for the year ended December 31, 2023, the company recorded revenue of 1.42 billion yuan, an increase of 12.9% over the same period last year. The gross margin was about 15.1%, up 7.6 percentage points from the same period last year. Profit attributable to shareholders was $33,885,000 (2022: loss of RMB 80,022,000), an increase of 142.3% over the same period last year. The main reason for annual profit is a sharp drop in inventory provision and operating expenses of the watch business due to improved gross profit and the termination of the watch business.
Hengdeli (03389) announced annual results. Profit attributable to shareholders was 33.885 million yuan, turning a year-on-year loss into a profit
Hendry (03389) announced its annual results for the year ended December 31, 2023. Revenue from continuing operations is approximately...
HENGDELI: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
Hengdeli to Return to Profit in 2023
Hengdeli Holdings (HKG:3389) expects an attributable profit of close to 33.8 million yuan for the year through December 2023, as opposed to a loss of about 80 million yuan in the previous year, accord
Hengdeli is expected to obtain annual profit attributable to shareholders of about 33.8 million yuan, turning a year-on-year loss into a profit
Hendry (03389) announced that it is expected that the profit attributable to the Group's shareholders for the year ended December 31, 2023 will turn into a loss of approximately RMB 33.8 million, while the loss attributable to shareholders of the company during the same period in 2022 is approximately RMB 8.22 million. According to the announcement, the expected change in profit from profit to loss is mainly due to increased gross profit and gross margin due to fluctuations in commodity trade prices; and a sharp drop in inventory provisions and operating expenses of the watch business due to the termination of the watch business.
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