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The latest update is out from Joy City Property Limited ( (HK:0207) ).
Joy City Property Limited reported a substantial increase in total operating revenue for the year ended December 31, 2024, amounting to RMB19,831.0 million, a 49.4% rise from the previous year. The company’s property development income saw a significant surge of 88.8%, while rental and hotel operation incomes experienced declines. Despite a decrease in contracted sales area, the average unit selling price increased by 17%. The company successfully reduced its average borrowing cost to 4.10% by leveraging strong banking relationships and optimizing its financing structure, amidst high USD interest rates.
More about Joy City Property Limited
Joy City Property Limited is a company incorporated in Bermuda, primarily engaged in property development, investment properties, and hotel operations. The company focuses on the real estate industry, with a significant portion of its revenue generated from property development.
YTD Price Performance: 5.00%
Technical Sentiment Signal: Buy
Current Market Cap: €399.4M
For a thorough assessment of 0207 stock, go to TipRanks’ Stock Analysis page.
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