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China City Infrastructure Group Limited ( (HK:2349) ) has issued an announcement.
China City Infrastructure Group Limited reported its annual financial results for the year ended December 31, 2024, highlighting a revenue decrease of approximately 6.5% to HK$48,432,000 compared to the previous year. Despite this, the company’s net loss significantly decreased by 40.9% to HK$65,785,000, indicating improved financial management. The total assets of the company also saw a reduction of 13.1%, while the gearing ratio increased to 57.9%, reflecting a higher level of debt relative to equity. These results suggest a challenging year for the company, with implications for its financial stability and market positioning.
More about China City Infrastructure Group Limited
China City Infrastructure Group Limited is a company incorporated in the Cayman Islands with limited liability, operating within the infrastructure industry. The company focuses on investment properties and related services, aiming to enhance urban infrastructure development.
YTD Price Performance: -1.89%
Average Trading Volume: 420,459
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$162.7M
For an in-depth examination of 2349 stock, go to TipRanks’ Stock Analysis page.