Country Garden Faces Financial Challenges Amid Market Optimism

Country Garden Holdings Co ( (HK:2007) ) has issued an update.

Country Garden Holdings reported a challenging financial year ending December 31, 2024, with a significant decrease in revenue by 37% to approximately RMB252.8 billion and a net loss of RMB35.1 billion. Despite the difficulties, the company remains optimistic due to supportive government policies aimed at stabilizing the real estate market. The company delivered over 380,000 housing units, covering 242 cities, and is focused on guaranteeing delivery, stabilizing capital, and managing debt. The positive market signals and government measures are expected to provide new development opportunities, with the company actively engaging in debt restructuring and resource revitalization strategies.

More about Country Garden Holdings Co

Country Garden Holdings Company Limited is a major player in the real estate industry, primarily engaged in property development and management. The company focuses on delivering residential properties across various cities in China, catering to the demand for high-quality housing.

YTD Price Performance: -77.78%

Average Trading Volume: 1,095

Technical Sentiment Signal: Buy

Current Market Cap: $1.71B

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