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Jiande International Holdings Ltd. ( (HK:0865) ) has provided an announcement.
Jiande International Holdings Limited has issued a profit warning, indicating an expected net loss of approximately RMB38 million to RMB43 million for the year ending December 31, 2024, compared to a net profit of RMB4.5 million in the previous year. This downturn is attributed to decreased revenue and gross profit from its property development business, losses from changes in the fair value of investment properties, and increased income tax expenses related to the Land Appreciation Tax settlement for The Cullinan Bay project.
More about Jiande International Holdings Ltd.
Jiande International Holdings Limited is engaged in the property development industry, focusing on the development of residential and commercial properties. The company operates primarily in China, with a significant project in Yangzhou, Jiangsu province.
YTD Price Performance: 5.00%
Average Trading Volume: 5,069,972
Technical Sentiment Signal: Buy
Current Market Cap: HK$140.1M
See more insights into 0865 stock on TipRanks’ Stock Analysis page.