China Jinmao Holdings Group Limited ( (HK:0817) ) has provided an update.
China Jinmao Holdings Group Limited has issued a positive profit alert, indicating a substantial turnaround with an expected profit of approximately RMB1 billion for the year ending December 31, 2024. This marks a significant improvement compared to the previous year’s loss of RMB6.9 billion, attributed to reduced administrative and marketing expenses, as well as lower impairment allowances on assets. The announcement suggests a strategic focus on lean management and cost control, which could enhance the company’s market positioning and stakeholder confidence.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited is a company incorporated in Hong Kong, primarily engaged in real estate development and investment. It focuses on urban development and property management, with a significant presence in the Chinese market.
YTD Price Performance: 19.39%
Average Trading Volume: 38,603,558
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$15.8B
Learn more about 0817 stock on TipRanks’ Stock Analysis page.