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Longfor Group Holdings ( (HK:0960) ) has shared an announcement.
Longfor Group Holdings Limited has issued a profit warning, indicating a significant decrease in profits for the first half of 2025 compared to the same period in 2024. The company attributes this decline to the downturn in the real estate industry, which has affected its property development segment. Despite this, Longfor’s investment property operations and property services continue to grow, contributing stable profits. The company maintains a positive operating cash flow and has successfully reduced its debt levels, fulfilling all debt obligations. Longfor remains committed to enhancing its product and service capabilities and ensuring sustainable development across its business segments.
The most recent analyst rating on (HK:0960) stock is a Hold with a HK$10.30 price target. To see the full list of analyst forecasts on Longfor Group Holdings stock, see the HK:0960 Stock Forecast page.
More about Longfor Group Holdings
Longfor Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. The company focuses on property development, investment property operations, and property services, with a market presence primarily in China.
Average Trading Volume: 17,644,880
Technical Sentiment Signal: Hold
Current Market Cap: HK$71.92B
Learn more about 0960 stock on TipRanks’ Stock Analysis page.