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An update from Mingfa Group (International) Co. Ltd. ( (HK:0846) ) is now available.
Mingfa Group has issued a profit warning, indicating an expected loss of RMB200 million to RMB300 million for the first half of 2025, contrasting with a profit of RMB6.7 million in the same period of 2024. This anticipated loss is primarily due to a valuation loss on investment properties and a decrease in revenue, attributed to a general decline in the market value of commercial properties in China.
More about Mingfa Group (International) Co. Ltd.
Mingfa Group (International) Company Limited is a company incorporated in the Cayman Islands, operating in the real estate industry with a focus on investment properties, particularly in the commercial property sector in the People’s Republic of China.
Average Trading Volume: 98,769
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$780M
For an in-depth examination of 0846 stock, go to TipRanks’ Overview page.