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An update from China New City Commercial Development Ltd ( (HK:1321) ) is now available.
China New City Group Limited has issued a profit warning, anticipating a net loss of up to RMB40 million for the first half of 2025, compared to a net profit of RMB347.5 million in the same period of 2024. This shift is primarily due to a significant decline in revenue from the commercial property development segment, as the majority of revenue from a major project was recognized in 2024. However, the company expects a 30% increase in revenue from its property rental business, providing a stable cash inflow.
The most recent analyst rating on (HK:1321) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on China New City Commercial Development Ltd stock, see the HK:1321 Stock Forecast page.
More about China New City Commercial Development Ltd
China New City Group Limited operates in the commercial property development and property rental industry. The company focuses on developing and managing commercial properties, with a notable project being the International Office Center (IOC) Building.
Average Trading Volume: 849,192
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.77B
See more insights into 1321 stock on TipRanks’ Stock Analysis page.