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China Chengtong Development Group Limited ( (HK:0217) ) has issued an update.
China Chengtong Development Group Limited has issued a profit warning, indicating a significant decrease in its consolidated profit after tax for the first half of 2025. The company expects a profit of approximately HK$10 million, marking a 63% decline compared to the same period in 2024. This downturn is attributed to a lukewarm global economic recovery, geopolitical and economic changes, falling interest rates in China, and a tight supply of high-quality assets, which have notably impacted the leasing segment’s revenue and gross profit.
More about China Chengtong Development Group Limited
YTD Price Performance: 55.56%
Average Trading Volume: 7,326,639
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.01B
See more insights into 0217 stock on TipRanks’ Stock Analysis page.