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Huijing Holdings Company Limited ( (HK:9968) ) has issued an update.
Huijing Holdings Company Limited announced a significant financial downturn, expecting a total deficit of approximately RMB334.5 million for the year ending December 2024, compared to a total equity of RMB525.4 million in 2023. This reversal is attributed to a sharp decline in revenue due to reduced project deliveries and lower unit prices, increased impairment provisions for inventories, and rising finance costs due to higher loan balances and overdue interest. Consequently, trading of the company’s shares on the Hong Kong Stock Exchange remains suspended, urging shareholders and potential investors to exercise caution.
More about Huijing Holdings Company Limited
Huijing Holdings Company Limited, incorporated in the Cayman Islands, operates in the real estate industry. The company is involved in property development and management, with a focus on delivering residential and commercial projects.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$63.05M
For a thorough assessment of 9968 stock, go to TipRanks’ Stock Analysis page.