An update from Ganglong China Property Group Limited ( (HK:6968) ) is now available.
Ganglong China Property Group Limited has announced an expected loss of up to RMB 1,000 million for the year ended December 31, 2024, compared to a profit of approximately RMB 718 million in the previous year. This downturn is attributed to decreased revenue from lower contracted sales and property recognition, along with a decline in gross profit margin due to adverse market conditions and increased impairment for properties under development. The financial results are still being finalized and are subject to adjustments.
More about Ganglong China Property Group Limited
Ganglong China Property Group Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. The company, along with its subsidiaries, focuses on property development and sales, primarily targeting the Chinese market.
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €24.06M
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