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China SCE Group Holdings ( (HK:1966) ) has shared an announcement.
China SCE Group Holdings Limited reported its annual results for the year ended December 31, 2024, highlighting a significant revenue increase of 94.5% to approximately RMB40.77 billion. Despite the revenue growth, the company faced a loss attributable to owners of approximately RMB7.86 billion, impacted by various expenses and changes in the fair value of investment properties. The financial results reflect challenges in the real estate market, affecting the company’s profitability and stakeholder interests.
More about China SCE Group Holdings
China SCE Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in real estate development and property investment. The company focuses on residential and commercial properties, with a significant presence in the Chinese market.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $72.23M
See more insights into 1966 stock on TipRanks’ Stock Analysis page.