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Million Cities Holdings Ltd. ( (HK:2892) ) has issued an announcement.
Million Cities Holdings Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024, with revenue dropping by 84.5% to RMB 99.7 million and a gross loss of RMB 17.1 million. The company also faced a substantial loss attributable to equity shareholders, amounting to RMB 113.8 million, marking a 76.4% decrease from the previous year. The financial results reflect challenges in the company’s operations, with no proposed final dividend per share, indicating potential implications for stakeholders and a need for strategic adjustments.
More about Million Cities Holdings Ltd.
Million Cities Holdings Ltd. is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong and engages in various business activities, although specific industry details are not provided in the release.
YTD Price Performance: -23.40%
Average Trading Volume: 30,666
Technical Sentiment Signal: Buy
Current Market Cap: HK$152.2M
See more insights into 2892 stock on TipRanks’ Stock Analysis page.