Summary by Moomoo AI
CHINAHONGQIAO Group announced its performance for the 2024 fiscal year, with revenue reaching 156.17 billion yuan, a year-on-year increase of 16.9%; gross profit of 42.16 billion yuan, a significant year-on-year increase of 101.2%; net profit attributable to shareholders of 22.37 billion yuan, a year-on-year increase of 95.2%. The basic earnings per share are 2.3611 yuan, and the Board of Directors recommends a final dividend of 1.02 HKD per share.The group’s subsidiary, owning 77.02% of Shandong Hontron Aluminum Industry Holding, recorded revenue of 3.49 billion yuan, but reported a net loss of 69.17 million yuan, while operating cash flow remained positive at 0.145 billion yuan. In January 2025, the group plans to acquire 100% of ShanDong HongTuo's ownership through share issuance by Shandong Hontron Aluminum Industry Holding...Show More
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