China Jinmao Holdings Group Limited ( (HK:0817) ) just unveiled an announcement.
China Jinmao Holdings Group Limited announced the key financial data for its subsidiary, Shanghai Jinmao, for the year ended 31 December 2024. The announcement highlights a notable improvement in financial performance, with a significant increase in gross profit margin and a return to profitability, as evidenced by a net profit of RMB 14.84 billion compared to a loss in the previous year. The company also completed the acquisition of equity interests in four companies, which will require retrospective adjustments to the financial statements for 2023. This strategic move and improved financial metrics may enhance the company’s position in the industry and provide positive implications for stakeholders.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited is a company incorporated in Hong Kong, primarily involved in the real estate industry through its subsidiary, Shanghai Jinmao Investment Management Group Co., Ltd. The company focuses on the issuance of corporate bonds to qualified investors, playing a significant role in the financial markets.
YTD Price Performance: 19.39%
Average Trading Volume: 44,100,385
Technical Sentiment Signal: Sell
Current Market Cap: HK$15.8B
See more data about 0817 stock on TipRanks’ Stock Analysis page.