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An announcement from Ganglong China Property Group Limited ( (HK:6968) ) is now available.
Ganglong China Property Group Limited announced its unaudited interim results for the first half of 2025, revealing a significant decline in revenue and an increased net loss compared to the same period in 2024. Revenue dropped by approximately 70% to RMB1,631 million, and the net loss expanded to RMB666 million. Despite a reduction in selling, marketing, and administrative expenses by 18%, the company faced a challenging financial period, with a decrease in bank and other borrowings by 6% as of June 2025. These results indicate a tough market environment and potential challenges in maintaining financial stability, impacting stakeholders’ confidence.
More about Ganglong China Property Group Limited
Ganglong China Property Group Limited is a company incorporated in the Cayman Islands with limited liability, primarily operating in the real estate sector. The company is listed on the Hong Kong Stock Exchange and focuses on property development and management.
YTD Price Performance: -32.52%
Average Trading Volume: 1,338,516
Technical Sentiment Signal: Sell
Current Market Cap: HK$134.6M
For an in-depth examination of 6968 stock, go to TipRanks’ Overview page.