Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest update is out from Mingfa Group (International) Co. Ltd. ( (HK:0846) ).
Mingfa Group (International) Co. Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s consolidated revenue decreased by 26.2% to approximately RMB7,030.3 million, and it recorded a substantial increase in consolidated loss to approximately RMB1,809.2 million. This downturn reflects challenges in the real estate market, impacting the company’s profitability and leading the board to decide against recommending a final dividend for the year.
More about Mingfa Group (International) Co. Ltd.
Mingfa Group (International) Co. Ltd. is a company incorporated in the Cayman Islands, primarily involved in the real estate industry. The company focuses on property development and investment, with a market presence that includes both residential and commercial properties.
YTD Price Performance: -32.35%
Average Trading Volume: 168,199
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$700.7M
Learn more about 0846 stock on TipRanks’ Stock Analysis page.