CIMC Enric Reports Decline in Q3 Financials Amid Cash Flow Improvement
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CIMC Enric Holdings (HK:3899) reported a significant decline in Q3 financials for its subsidiary, CIMC Safeway, with revenue down 44.33% and net profit down 43.18% year-over-year. However, net cash flow from operating activities improved by 97.63%, indicating potential operational flexibility despite profitability challenges. Analysts rate the stock as a Buy with a price target of HK$9.00. CIMC Enric operates in the manufacturing sector and has a current market cap of HK$16.21B.
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