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China Tianbao Group Development Company Limited ( (HK:1427) ) has shared an update.
China Tianbao Group Development Company Limited has issued a profit warning, anticipating a net loss of RMB100-200 million for the year ending December 31, 2024, compared to a net profit of RMB10.99 million the previous year. The loss is attributed to a weak property market in China, selective project engagement in construction contracting, increased impairment losses, high finance costs, and fair value loss on investment properties. Stakeholders are advised to exercise caution when dealing with the company’s shares.
More about China Tianbao Group Development Company Limited
China Tianbao Group Development Company Limited operates in the property development and construction contracting sectors, focusing on the Chinese market. The company is involved in property revenue generation and construction projects, with an emphasis on ensuring cash flow returns.
YTD Price Performance: 2.17%
Average Trading Volume: 203,192
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$216.9M
For an in-depth examination of 1427 stock, go to TipRanks’ Stock Analysis page.