Midea Real Estate Holding Limited ( (HK:3990) ) has issued an update.
Midea Real Estate Holding Limited has issued a profit warning for the year ended December 31, 2024, anticipating a core net loss attributable to owners ranging from RMB1,950.00 million to RMB2,050.00 million due to property impairment. Despite this, the company’s retained businesses, including property management and real estate technology, are expected to show steady growth with a core net profit ranging from RMB450.00 million to RMB550.00 million, indicating a stable and healthy overall financial performance.
More about Midea Real Estate Holding Limited
Midea Real Estate Holding Limited operates in the real estate industry, offering services such as property management, commercial property and industrial park development, real estate technology, and construction project management. The company is focused on maintaining a stable and healthy business layout and operating position.
YTD Price Performance: -0.53%
Average Trading Volume: 4,261
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €557.1M
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