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An announcement from Ganglong China Property Group Limited ( (HK:6968) ) is now available.
Ganglong China Property Group Limited has announced an expected significant increase in losses for the first half of 2025, with losses projected to reach up to RMB670 million, compared to RMB154 million in the same period of 2024. This downturn is attributed to decreased revenue from lower contracted sales, adverse market conditions, and increased impairment for properties under development, impacting the company’s financial performance and market positioning.
More about Ganglong China Property Group Limited
Ganglong China Property Group Limited is a company incorporated in the Cayman Islands, primarily engaged in the property development industry. The company focuses on developing residential and commercial properties, catering to a diverse market segment in China.
YTD Price Performance: -30.89%
Average Trading Volume: 1,066,163
Technical Sentiment Signal: Sell
Current Market Cap: HK$137.9M
For detailed information about 6968 stock, go to TipRanks’ Stock Analysis page.