Maiquer Group's 2024 results show revenue decline, loss widens

Maiquer Group (SZSE:002719) reported a CNY 230.48 million loss attributable to shareholders in its 2024 annual results, a significant widening from the CNY 97.10 million loss in the previous year. Revenue also declined by 10.4% to CNY 635.21 million. The company attributes the losses to market volatility, the costs of inventory, and to various non-operating losses. Faced with these challenges, the company has decided not to distribute a cash dividend, issue bonus shares, or increase share capital through capitalization of reserves.