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BUYANG INTL: Annual Report 2024
BUYANG INTL (02457.HK) annual revenue is 0.392 billion yuan, a year-on-year increase of 6.79%.
Gelonghui, March 27丨BUYANG INTL (02457.HK) announced that for the year ending December 31, 2024, the company's revenue is 0.392 billion yuan, an increase of 6.79% year-on-year; net profit for the year is 19.18 million yuan, a decrease of 53.58% year-on-year; earnings per share are 0.02 yuan.
BUYANG INTL: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
BUYANG INTL (02457.HK) plans to hold a Board of Directors meeting on March 27 to approve the annual performance.
Gelonghui reported on March 17 that BUYANG INTL (02457.HK) announced that a Board of Directors meeting is scheduled for March 27, 2025 (Thursday) to consider and approve the group's full-year performance for the year ending December 31, 2024, and the proposed final dividend (if any), as well as to handle Other matters.
BUYANG INTL (02457.HK) expects annual net income to decline significantly by about 50% to 60%.
On March 7, Gelonghui announced that BUYANG INTL (02457.HK) expects that the unaudited Net income from continuing Business operations for the fiscal year ending December 31, 2024, will remain positive. However, it is expected that the relevant unaudited Net income during the reporting period will significantly decrease by about 50% to 60% compared to the Net income of approximately 41.3 million yuan for the fiscal year ending December 31, 2023. The Board of Directors believes that the decrease in Net income during the reporting period is mainly due to (i) the Group adopting a more competitive pricing strategy for its Aluminum Alloy turbines in order to attract more customer Orders amid intense market competition.
Express News | Buyang International - Expects 50%-60% Decrease in Net Profit for FY
