China New Town Development Co. Ltd. ( (HK:1278) ) has issued an update.
China New Town Development Company Limited announced its audited financial results for the year ending December 31, 2024, revealing a significant decrease in profit compared to the previous year. The company’s operating profit dropped to RMB 100,414,000 from RMB 213,434,000 in 2023, with a total comprehensive income of RMB 58,456,000, down from RMB 153,774,000. The announcement also included the retirement of its independent auditor and the resignation of a joint company secretary, indicating potential changes in its corporate governance structure.
More about China New Town Development Co. Ltd.
China New Town Development Company Limited is a business incorporated under the laws of the British Virgin Islands, focusing on urban development and related services. The company operates primarily in the real estate sector, providing comprehensive urban development solutions.
YTD Price Performance: 3.33%
Average Trading Volume: 539,433
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$603M
Learn more about 1278 stock on TipRanks’ Stock Analysis page.
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