tiprankstipranks
Chen Xing Development Sees Mixed Financial Results
Company Announcements

Chen Xing Development Sees Mixed Financial Results

Chen Xing Development Holdings Limited (HK:2286) has released an update.

Don't Miss our Black Friday Offers:

Chen Xing Development Holdings Limited reported a significant decrease in contracted sales and gross floor area by approximately 69.8% and 61.3% respectively, for the six months ending June 30, 2024, compared to the previous year. Despite this, the company achieved a revenue of about RMB 1.07 billion and a net profit of RMB 92.5 million, with a basic earnings per share of RMB 0.04. The Board has decided not to issue any interim dividend for this period.

For further insights into HK:2286 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App