Zhengzhou Coal Mining Machinery Sees Profit Surge Amid Revenue Dip - TipRanks.com

Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H (HK:0564) has released an update.

Zhengzhou Coal Mining Machinery Group reported a slight decline in operating revenue for the third quarter of 2024, down 1.48% from the previous year, yet achieved a significant 23.97% increase in net profit attributable to shareholders. The company’s focus on optimizing its operations has resulted in a robust financial performance, marking a 26.66% rise in net profit after excluding non-recurring items. Investors may find the company’s strategic moves and strong profit growth appealing despite the modest revenue dip.

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