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Jingrui Holdings Ltd. ( (HK:1862) ) has shared an update.
Jingrui Holdings Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. The company experienced a 45.2% decrease in contracted sales and a 19.0% drop in revenue compared to the previous year. The financial results included a gross loss of RMB252.5 million and a net loss of RMB3,245.1 million. The company’s total assets stood at RMB30,617.8 million, and it did not declare a final dividend for the year. These results reflect the challenges faced by Jingrui in the real estate market, impacting its operational and financial stability.
More about Jingrui Holdings Ltd.
Jingrui Holdings Ltd. is a company incorporated in the Cayman Islands, operating primarily in the real estate industry. The company is involved in property development and investment, with a focus on maintaining a substantial land bank for future projects.
Technical Sentiment Signal: Buy
Current Market Cap: €3.3M
For a thorough assessment of 1862 stock, go to TipRanks’ Stock Analysis page.