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Kaisa Group Holdings Ltd. ( (HK:1638) ) just unveiled an announcement.
Kaisa Group Holdings Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue decreased by 55.8% to approximately RMB11,560.7 million, and its gross profit plummeted by 86.0% to RMB237.9 million, resulting in a gross profit margin of just 2.1%. The company also experienced a 48.4% increase in its annual loss, amounting to RMB29,228.9 million. Contracted sales, including joint ventures and associates, fell by 62.1% to RMB6,757 million, and no final dividend was declared for the year. These results indicate a challenging year for Kaisa Group, with significant impacts on its operations and financial stability, potentially affecting its market positioning and stakeholders.
More about Kaisa Group Holdings Ltd.
Kaisa Group Holdings Ltd. is a company incorporated in the Cayman Islands, primarily engaged in property development and investment. The company operates in the real estate industry, focusing on residential and commercial properties.
YTD Price Performance: -4.76%
Average Trading Volume: 3,300
Technical Sentiment Signal: Hold
Current Market Cap: €158.2M
See more data about 1638 stock on TipRanks’ Stock Analysis page.