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Ganglong China Property Group Limited ( (HK:6968) ) has provided an update.
Ganglong China Property Group Limited announced its annual results for the year ended December 31, 2024, revealing a significant decrease in revenue by approximately 53% to RMB8,254 million compared to the previous year. The company reported a net loss of RMB982 million, a stark contrast to the net profit of RMB718 million in 2023, indicating financial challenges. Despite a reduction in selling, marketing, and administrative expenses, the company faced a gross loss and a decrease in bank and other borrowings by 6%, reflecting a cautious financial approach amid declining performance.
More about Ganglong China Property Group Limited
Ganglong China Property Group Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. The company is focused on property development and related services in China.
Average Trading Volume: 1,000
Technical Sentiment Signal: Buy
Current Market Cap: €19.71M
For a thorough assessment of 6968 stock, go to TipRanks’ Stock Analysis page.