WONG'S INT'L released its annual performance report, with a loss attributable to shareholders of HKD 837 million, a year-on-year turnaround from profit to loss, and plans to declare a final dividend of HKD 0.03 per share
WONG'S INT'L released its annual results for the year ending December 31, 2024, with group revenue of HKD 2.665 billion, a year-on-year decrease of 16.35%; the loss attributable to shareholders was HKD 837 million, a turnaround from profit to loss year-on-year, with a loss per share of HKD 1.75, and a proposed final dividend of HKD 0.03 per share. It is expected that EMS business revenue in the first half of 2025 will be comparable to that in the second half of 2024. The group will continue to implement cost-saving measures and leverage the advantages of its factories in China and Vietnam to expand its customer base
According to the Zhitong Finance APP, WONG'S INT'L (00099) announced its annual performance for the year ending December 31, 2024, with group revenue of HKD 2.665 billion, a year-on-year decrease of 16.35%; a loss attributable to shareholders of HKD 837 million, a shift from profit to loss compared to the previous year; a loss per share of HKD 1.75; and a proposed final dividend of HKD 0.03 per share.
Based on current customer orders and forecasts, the group expects EMS business revenue in the first half of 2025 to be similar to the revenue recorded in the second half of 2024. The group will continue to implement strict cost-saving and efficiency improvement measures to ensure competitiveness in terms of costs. The group will leverage its advantages of having factories in both mainland China and Vietnam to expand its customer base and secure more sales opportunities. Revenue from the group's factory in Vietnam is steadily increasing, and this factory will become an important source of growth for the group in the future. The group is taking measures to streamline production operations at the Vietnam factory, enhance talent training, and improve technical capabilities in preparation for future expansion
