tiprankstipranks
Country Garden Faces Revenue Decline Amid Market Challenges
Company Announcements

Country Garden Faces Revenue Decline Amid Market Challenges

Story Highlights

Stay Ahead of the Market:

Country Garden Holdings Co ( (HK:2007) ) has provided an announcement.

Country Garden Holdings Co reported a decrease in total revenue to approximately RMB401.0 billion for the year ended 31 December 2023, alongside a significant loss before income tax of RMB167.3 billion. The company is facing challenges due to a declining sales rate and credit crunch in the property market but sees potential in the long-term demand for housing. The Chinese government has introduced policies aimed at stabilizing the industry, which may provide relief. Country Garden is actively adjusting its business model, focusing on guaranteeing delivery and operation stability, and has implemented strategies to ensure project progress despite financial constraints.

More about Country Garden Holdings Co

Country Garden Holdings Co is a major player in the real estate industry, primarily focused on property development, sales, and management. The company operates extensively in the Chinese market, delivering housing units across numerous cities and provinces.

YTD Price Performance: 0%

Average Trading Volume: 3,011

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $1.73B

See more data about 2007 stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles