Beijing Jingcheng Machinery Electric Expects to Turn to Profit in 2024

MT Newswires Live

2025/01/20

Beijing Jingcheng Machinery Electric (HKG:0187, SHA:600860) expects to record a net profit attributable to shareholders between 6.3 million yuan and 7.50 million yuan for 2024, against a net loss of 51.7 million yuan logged for the prior year, a Monday Hong Kong bourse filing said.

The Chinese gas storage and transportation equipment company attributed the expected turn around to profit to a growth in its overall revenue and improvement in the company's operational efficiency.

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