CHIHO ENV (00976) has announced its annual results for the year ended December 31, 2024. The group recorded revenue of HK$16.114 billion, representing a year-on-year decrease of 1.29%. Loss attributable to shareholders of the company amounted to HK$204 million, an increase of 2,097% compared to the previous year. Loss per share was HK$0.13.

In the face of weak demand-side recovery, the group continued to deepen lean management and strengthen market research throughout the year.

Furthermore, the group is committed to enhancing project layout based on current industry and market conditions as well as existing production capacity, making steady progress while guarding against 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 technologies, possessing multiple advanced technologies for shredding recycled metals and post-shredding processing.