XINGFA ALUM announced its 2024 performance, with profit attributable to shareholders increasing by 2.7% to approximately HKD 826 million, and a final dividend of HKD 0.64 per share
XINGFA ALUM announced its 2024 performance, with revenue increasing by 8.7% to approximately RMB 18.8546 billion, gross profit decreasing by 11.4% to approximately RMB 1.764 billion, and profit attributable to shareholders increasing by 2.7% to approximately RMB 826 million, with earnings per share of RMB 1.96 and a final dividend of HKD 0.64 per share. The revenue growth was mainly due to an increase in sales orders, with sales volume growing by 6.8% year-on-year to approximately 809,300 tons. The increase in profit was mainly due to a reduction in impairment losses and an increase in sales orders
According to the Zhitong Finance APP, XINGFA ALUM (00098) announced its 2024 performance, with revenue increasing by 8.7% to approximately 18.8546 billion yuan, gross profit decreasing by 11.4% to approximately 1.764 billion yuan, and profit attributable to shareholders increasing by 2.7% to approximately 826 million yuan, with earnings per share of 1.96 yuan and a final dividend of 0.64 HKD per share.
The announcement stated that the revenue growth was mainly due to an increase in sales orders during the year. The annual sales volume grew by 6.8% year-on-year to approximately 809,300 tons.
The increase in profit was mainly due to a decrease in impairment losses on trade and other receivables recognized by the group during the year and an increase in sales orders
