Chen Xing Holdings Forecasts Profits Soar

Chen Xing Development Holdings Limited (HK:2286) has released an update.

Chen Xing Development Holdings Limited has announced a significant increase in net profits, anticipating a 448.4% rise to about RMB26.5 million for the first half of 2024, compared to the same period last year. This surge is attributed to higher revenues from project deliveries and a major disposal of equity interest, despite increased finance costs from a special borrowing project. Investors are cautioned to await the finalized interim results, which may still be subject to adjustments.

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