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Hengdeli : 2025/03/20 Hengdeli Announces 2024 Annual Results Pursues stability while maintaining sound, steady, and long-term operations
Hengdeli : 2025/03/20 Hengdeli Announces 2024 Annual Results Pursues stability while maintaining sound, steady, and long-term
About this update from Hengdeli Holdings Limited
[{"type":"text","content":"\n \n (Press Release)\n \n \n Hengdeli Announces 2024 Annual Results\n \n \n Pursues stability while maintaining sound, steady, and long-term operations\n (20 March 2025 - Hong Kong) Hengdeli Holdings Limited (\"Hengdeli\" or the \"Company\" and, together with its subsidiaries, the \"Group\"; stock code: 3389) announced its annual results for the twelve months ended 31 December 2024 (\"the year under review\").\n \n \n In 2024, the international environment was complex. Amid intensifying geopolitical conflicts, regional wars and trade protectionism, the momentum of world economic growth remained weak. China's total economic output achieved a new breakthrough, but there were still many risks and hidden dangers. Confronted with complicated environment, the Group adhered to the principle of \"sound, steady and long- term operations\" and adjusted its business in line with the market so as to maintain survival and pursue development, making every effort to safeguard the interests of shareholders.\n \n \n For the year ended 31 December 2024, the Group recorded revenue of RMB1,043,555,000 (31 December 2023: RMB1,421,454,000), representing a year-on-year decrease of 26.6%; high-end consuming accessories business recorded revenue of RMB688,104,000 (31 December 2023: RMB710,708,000), representing a year-on-year decrease of 3.2%; commodity trading recorded revenue of RMB355,451,000 (31 December 2023: RMB710,746,000), representing a year-on-year decrease of 50.0%. The Group recorded a loss of approximately RMB55,472,000 (31 December 2023: profit of RMB35,191,000) and loss attributable to equity shareholders amounted to approximately RMB65,161,000 (31 December 2023: profit of RMB33,885,000), which was mainly due to the decrease in sales and gross profit, the increase in depreciation expenses on property, plant and equipment and foreign exchange losses incurred by the operating units as a result of exchange rate fluctuations.\n \n \n During the year under review, the China's economy was under great pressure, which affected the Group's high-end consuming accessories business to a certain extent. However, the Group has adopted various measures to cope with the complex operating environment, and achieved remarkable results. During the year, although the sales of high-end consuming accessories business declined slightly, the profit has improved ...