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The latest announcement is out from Central China New Life Ltd. ( (HK:9983) ).
Central China New Life Limited announced a positive profit alert, expecting a net profit between RMB215 million and RMB255 million for the year ended December 31, 2024, a significant improvement from a net loss of RMB578 million in 2023. This turnaround is primarily due to a substantial decrease in impairment losses on financial and contract assets. However, the core net profit attributable to shareholders is expected to decrease due to a decline in the business scale of value-added services to non-property owners.
More about Central China New Life Ltd.
Central China New Life Limited operates in the property management industry, providing a range of services including property management, value-added services to non-property owners, and community value-added services. The company is focused on expanding its market presence in China.
YTD Price Performance: -9.02%
Average Trading Volume: 596,101
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$1.44B
See more insights into 9983 stock on TipRanks’ Stock Analysis page.