CHIHO ENV (00976) Announces 2024 Annual Results, Loss Attributable to Shareholders of HKD 204 Million, a Year-on-Year Increase of 2097%

CHIHO ENV (00976) Announces 2024 Annual Results, Loss Attributable to Shareholders of HKD 204 Million, a Year-on-Year Increase of 2097% CHIHO ENV (00976) released its annual results for the year ended December 31, 2024. The Group recorded revenue of HKD 16.114 billion, a year-on-year decrease of 1.29%; loss attributable to shareholders of the Company was HKD 204 million, a year-on-year increase of 2097%; loss per share was HKD 0.13. Facing weak recovery on the demand side, the Group continued to deepen lean management and strengthen market research during the year. In addition, the Group is committed to strengthening project layout based on current industry and market conditions as well as existing production capacity, making progress while maintaining stability, and preventing operational risks. Geographic diversification helps the Group mitigate the risk of over-reliance on a single market. We are one of the global leaders in ferrous and non-ferrous metal recycling and processing and technology, with a number of advanced technologies for shredding recycled metals and post-shredding processing.