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An announcement from Greentown China Holdings ( (HK:3900) ) is now available.
Greentown China Holdings Limited has issued a profit warning, indicating an expected decrease in net profit by less than 50% for the year ended December 31, 2024, primarily due to the downturn in the real estate market and strategic inventory adjustments. Despite this, the company improved its sales rankings and maintained a robust cash flow, while reducing liabilities and optimizing its debt structure, signaling a commitment to sustainable growth and adaptability in changing market conditions.
More about Greentown China Holdings
Greentown China Holdings Limited operates in the real estate industry and is incorporated in the Cayman Islands. The company focuses on real estate development and investment, holding a significant position in the Chinese market with a strong focus on sustainable development and high-quality projects.
YTD Price Performance: -7.66%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.79B
Learn more about 3900 stock on TipRanks’ Stock Analysis page.
