China Ting Reports Revenue Decline and Losses

China Ting Group Holdings Limited (HK:3398) has released an update.

China Ting Group Holdings Limited reported a decline in revenue for the year ended December 31, 2023, with the OEM Business seeing a 16.6% drop while the Fashion Retail Business grew by 20.7%. Overall, the company experienced a significant increase in its operating loss to HK$276.1 million, compared to HK$136.5 million the previous year, and a loss attributable to equity holders of HK$361.5 million. Concurrently, the firm has announced the resumption of share trading.

For further insights into HK:3398 stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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