Tenfu (Cayman) Holdings' 2024 profit drops 34.9% amid revenue decline

Tenfu (Cayman) Holdings (HKEX:6868) reported a 9.9% decrease in revenue, to RMB1,562.6 million, for the year ended December 31, 2024. Profit for the year fell by 34.9% to RMB138.9 million, resulting in a net profit margin of 8.9%, down from 12.3% in 2023. Basic earnings per share decreased to RMB0.13 from RMB0.20 the previous year. The board proposed a final dividend of HKD0.08 per share, a 33.3% decrease compared to the previous year.