Jinke Smart Services Group Co., Ltd. Class H ( (HK:9666) ) has issued an update.
Jinke Smart Services Group Co., Ltd. has announced a profit warning, expecting a net loss of RMB500 million to RMB700 million for the year ending December 31, 2024, compared to a net loss of RMB951 million in 2023. The anticipated loss is attributed to impairment provisions related to Jinke Property Group Co., Ltd. and increased investments in technology to improve service quality. Despite these challenges, Jinke Smart Services remains optimistic about its business prospects and plans to leverage its cash reserves for further investments in the property management industry.
More about Jinke Smart Services Group Co., Ltd. Class H
Jinke Smart Services Group Co., Ltd. is a company based in the People’s Republic of China, primarily engaged in the property management services industry. The company focuses on enhancing service quality and expanding its market share through investments in technology and strategic mergers and acquisitions.
Average Trading Volume: 313,066
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$4.48B
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