Digital China Holdings Projects Reduced Losses for 2024

Digital China Holdings ( (HK:0861) ) has issued an announcement.

Digital China Holdings Limited announced a significant reduction in its expected loss for the year ending December 31, 2024, projecting a loss between RMB 240 million and RMB 300 million, compared to a loss of approximately RMB 1,834 million in the previous year. This improvement is attributed to a decrease in share of losses from associates and joint ventures, as well as a reduction in impairment losses on wealth management products and investment properties. The announcement highlights the ongoing challenges faced by the company, including losses from its subsidiary, Digital China Information Service Company Ltd., which is expected to report a loss for the year. The final financial results are still being prepared and will be disclosed in the company’s annual results announcement at the end of March 2025.

More about Digital China Holdings

Digital China Holdings Limited is a company involved in the technology industry, with a focus on providing digital solutions and services. The company operates through its subsidiaries and has a significant presence in the Chinese market, particularly through its indirect non-wholly owned subsidiary, Digital China Information Service Company Ltd., which is listed on the Shenzhen Stock Exchange.

YTD Price Performance: -3.41%

Average Trading Volume: 325

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $599.5M

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