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An announcement from KWG Living Group Holdings Limited ( (HK:3913) ) is now available.
KWG Living Group Holdings Limited has issued a profit warning, indicating an expected net loss of up to RMB280 million for the first half of 2025, compared to a net profit in the same period of 2024. This downturn is attributed to several factors, including a substantial impairment provision for trade receivables due to a sluggish real estate market in the PRC, a reduction in deferred tax assets, and impairments related to goodwill and property, plant, and equipment. These challenges highlight the company’s struggle with market conditions and competitive pressures, impacting its financial performance and future outlook.
More about KWG Living Group Holdings Limited
KWG Living Group Holdings Limited is a company incorporated in the Cayman Islands, primarily operating in the real estate sector. The company, along with its subsidiaries, focuses on property management and related services, with a significant market presence in the People’s Republic of China (PRC).
Average Trading Volume: 977,635
Technical Sentiment Signal: Sell
Current Market Cap: HK$638.1M
For an in-depth examination of 3913 stock, go to TipRanks’ Overview page.