The latest announcement is out from China New City Commercial Development Ltd ( (HK:1321) ).
China New City Group Limited reported a significant financial turnaround for the year ended December 31, 2024, with revenue increasing by 216.3% to RMB 4,103,756,000 and a profit of RMB 485,768,000 compared to a loss in the previous year. This substantial growth reflects improved operational efficiency and market conditions, enhancing the company’s industry positioning and providing positive implications for stakeholders.
More about China New City Commercial Development Ltd
China New City Group Limited operates in the commercial development sector, focusing on real estate projects and related services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -35.56%
Technical Sentiment Signal: Buy
Current Market Cap: €141.7M
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