Greentown China Holdings ( (HK:3900) ) just unveiled an update.
Greentown China Holdings Limited reported a 20.7% increase in revenue for the year ending December 31, 2024, reaching approximately RMB158.546 billion. The company achieved a net profit attributable to owners of RMB1.596 billion, despite a decrease in profit before taxation compared to the previous year. The company maintained a strong cash position with a cash to short-term debt ratio of 2.3x and reduced its net gearing ratio to 56.6%. Greentown ranked third in the industry for total contracted sales, achieving approximately RMB276.8 billion, and added 42 new projects with a saleable value of RMB108.8 billion, primarily in major cities. These results indicate a robust operational performance and strategic expansion in key markets.
More about Greentown China Holdings
Greentown China Holdings Limited is a company incorporated in the Cayman Islands, operating primarily in the real estate industry. It focuses on property development and investment, with a significant presence in 1st and 2nd tier cities in China.
YTD Price Performance: -17.77%
Technical Sentiment Signal: Buy
Current Market Cap: $3.5B
Learn more about 3900 stock on TipRanks’ Stock Analysis page.