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Chen Xing Development Holdings Limited ( (HK:2286) ) has shared an update.
Chen Xing Development Holdings Limited reported a challenging financial year ending December 31, 2024, with a significant decrease in contracted sales and gross floor area compared to the previous year. The company experienced a net loss of approximately RMB130.4 million, with a notable decrease in revenue from property development. Despite a substantial land bank, the average sales price and basic loss per share reflected the company’s financial struggles, leading the Board to decide against declaring a final dividend for the year.
More about Chen Xing Development Holdings Limited
Chen Xing Development Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in property development. The company focuses on developing residential and commercial properties, with a significant land bank and operations centered in China.
YTD Price Performance: -10.37%
Average Trading Volume: 84,152
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$145.2M
For detailed information about 2286 stock, go to TipRanks’ Stock Analysis page.